Pertama Digital continued rising and hit the RM0.575 resistance level. With its 21-day moving average in an uptrend, coupled with a bullish white candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.595, followed by RM0.605. 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 RM0.575

Target: RM0.595, RM0.605 (time frame: 2-4 weeks)

Exit: RM0.55
 

Source: AmInvest Research - 21 Dec 2021