RGB International may trend higher after it surged to a new multi-year high and closed above the RM0.30 psychological mark yesterday. The stock also broke out from the 1-week bullish rectangle pattern, indicating that the near-term bullish trend may persist. A bullish bias may emerge above the RM0.30 level, with a stop-loss set at RM0.27, below the 15 Jun low. Towards the upside, the near-term resistance level is seen at RM0.35, followed by RM0.40.

Entry : RM0.30–0.31

Target : RM0.35, RM0.40

Exit : RM0.27

Source: AmInvest Research - 21 Jun 2023