Naim Holdings has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM1.04, and move towards a target price of RM1.10 followed by RM1.15. The downside support is anticipated at RM0.925, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.04
Target: RM1.10, RM1.15 (time frame: 3-6 weeks)
Exit: RM0.925

Source: AmInvest Research - 1 Nov 2019