Kumpulan Jetson rose and tested the RM0.385 resistance level. With its RSI indicator in an uptrend, coupled with a higher high candlestick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.40 and RM0.425. The downside support is projected at RM0.345. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.385

Target: RM0.40, RM0.425 (time frame: 2-4 weeks)

Exit: RM0.345

Source: AmInvest Research - 2 Nov 2021