CCK Consolidated Holdings rebounded from its low with the immediate resistance level of RM0.35. Noticed that the RSI is in the oversold level. If it breaks out from the resistance level, we foresee that there could be a technical rebound towards the short-term target prices of RM0.375 followed by RM0.40. In this case, the downside support is anticipated at RM0.315, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.35

Target: RM0.375, RM0.40 (time frame: 3-6 weeks)

Exit: RM0.315

Source: AmInvest Research - 23 Mar 2020