CCK Consolidated Holdings jumped above the resistance level RM0.525 with higher trading volume. With RSI above 50%, we see that the bullish momentum will remain and moves towards short-term target prices of RM0.57 and RM0.61. The downside support is anticipated at RM0.495, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.525

Target: RM0.57, RM0.61 (time frame: 2-4 weeks)

Exit: RM0.495

Source: AmInvest Research - 5 May 2020