Poh Huat Resources Holdings may soon retrace its path towards the RM0.885 level. Notice that the trading volume was high in recent sessions. We see that buying interest is intact and there could be a technical rebound towards the short-term target prices of RM0.94 and RM0.98. In this case, the downside support is anticipated at RM0.83, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM0.885

Target: RM0.94, RM0.98 (time frame: 3-6 weeks)

Exit: RM0.83

Source: AmInvest Research - 21 Apr 2020