Cuscapi rebounded and touched the RM0.26 resistance level. With its 21-day moving average 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 RM0.27, followed by RM0.28. The downside support is marked at RM0.24. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.26

Target: RM0.27, RM0.28 (time frame: 2-4 weeks)

Exit: RM0.24
 

Source: AmInvest Research - 2 Dec 2021