Efficient E-Solutions rose and touched the RM0.205 resistance level. With its 21-day moving average in an uptrend, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.215, followed by RM0.22. The downside support is marked at RM0.19. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.205

Target: RM0.215, RM0.22 (time frame: 2-4 weeks)

Exit: RM0.19
 

Source: AmInvest Research - 6 Dec 2021