Naim Holdings shot up and formed a long white candle in its lastest session. With a rising RSI, coupled with higher trading volume, it may continue to climb above the resistance price of RM0.80. If this happens, its short-term target price will be RM0.87 followed by RM0.935. Support price is anticipated at RM0.735, whereby traders may exit on a breach to avoid the risk of a further correction..

Trading Call: Buy upon breakout above RM0.80

Target: RM0.87, RM0.935 (time frame: 3-6 weeks)

Exit: RM0.735

Source: AmInvest Research - 31 May 2019