Tune Protect Group surged and hit the RM0.425 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.445 and RM0.46. The downside support is projected at RM0.40. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM0.425

Target: RM0.445, RM0.46 (time frame: 2-4 weeks)

Exit: RM0.40
 

Source: AmInvest Research - 31 Jan 2022