Westports Holdings may move higher to test the RM3.50 resistance level. Notice that the RSI indicator has crossed the 50% threshold, indicating that there is a possibility it will experience a technical breakout from the resistance level. If this happens, it will travel towards the short-term target prices of RM3.64 and RM3.90. The downside support is anticipated at RM3.22, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.50

Target: RM3.64, RM3.90 (time frame: 3-6 weeks)

Exit: RM3.22

Source: AmInvest Research - 2 Apr 2020