Possible for upside. TOMYPAK-WA is re-attempting to stage a potential recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.110 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.125 and RM0.135. Note that the maturity date of TOMYPAK-WA is on 21 June 2021.

However, failure to hold on to support level of RM0.085 may indicate weakness in the share price and hence, a cut-loss signal.