Heitech Padu may rebound and test the resistance level of RM0.96. During the latest session, we witnessed the RSI hitting the oversold region and the counter may make a technical rebound. If this happens, the short-term target price will be RM1.03, followed by RM1.07. In this case, the downside support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.96

Target: RM1.03, RM1.07 (time frame: 3-6 weeks)

Exit: RM0.88

Source: AmInvest Research - 2 Mar 2020