CSC Steel Holdings touched the resistance level of RM0.645 during its intraday high. Due to higher trading volume recorded in the latest session, , we foresee that there could be a technical breakout and it will climb towards the short-term target prices of RM0.68 followed by RM0.735. In this case, the downside support is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.645

Target: RM0.68, RM0.735 (time frame: 3-6 weeks)

Exit: RM0.59

Source: AmInvest Research - 2 Apr 2020