NTPM Holdings has gapped up to pass the resistance level RM0.45 with higher trading volume. With the RSI is pointing upwards, we expect the momentum to continue to travel towards the short-term target prices of RM0.51 followed by RM0.55. In this case, the downside support is anticipated at RM0.43, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.45

Target: RM0.51, RM0.55 (time frame: 2-4 weeks)

Exit: RM0.43

Source: AmInvest Research - 27 Apr 2020