Radiant Globaltech broke out from its bullish triangle pattern yesterday implying that its previous uptrend may have resumed. Together with its white marubozu candlestick and rising EMAs, bullish momentum may be present now. A bullish bias may emerge above the RM0.475 level, while setting a stop-loss at RM0.44. Towards the upside, we are eyeing the near-term resistance level at RM0.55, followed by RM0.60.

Entry: RM0.475–0.49

Target: RM0.55, 0.60

Exit: RM0.44

Source: AmInvest Research - 24 Feb 2022