Naim Holdings was testing the resistance price of RM1.37 in its latest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM1.37. If this happens, its short-term target price will be RM1.46 followed by RM1.50. Support is anticipated at RM1.24, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM1.37
Target: RM1.46, RM1.50 (time frame: 3-6 weeks)
Exit: RM1.24

Source: AmInvest Research - 20 Feb 2020