YX Precious Metals may trend higher after it broke above the key RM0.30 resistance and hit a new all-time high yesterday. The stock also broke out from the 2-week bullish flag pattern, likely indicate that the near-term uptrend may persist. A bullish bias may emerge above the RM0.30 level, with a stop-loss set at RM0.26, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM0.35, followed by RM0.37.

Entry : RM0.30–0.31

Target : RM0.35, RM0.37

Exit : RM0.26

Source: AmInvest Research - 6 Apr 2023