Nova Wellness Group leapt above the resistance level RM0.58 with higher trading volume. Observe that the RSI indicator is above 60%, indicating that the momentum may continue to propel towards the short-term target prices of RM0.62 and RM0.67. The downside support is anticipated at RM0.53, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.58

Target: RM0.62, RM0.67 (time frame: 2-4 weeks)

Exit: RM0.53

Source: AmInvest Research - 28 Apr 2020