Tri-Mode System (M) rebounded and touched the RM0.59 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.61, followed by RM0.63. The downside support is marked at RM0.55. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.59

Target: RM0.61, RM0.63 (time frame: 2-4 weeks)

Exit: RM0.55
 

Source: AmInvest Research - 1 Dec 2021