Radiant Globaltech rose and touched the RM0.44 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.46, followed by RM0.47. The downside support is marked at RM0.415. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.44

Target: RM0.46, RM0.47 (time frame: 2-4 weeks)

Exit: RM0.415
 

Source: AmInvest Research - 25 Nov 2021