K-One Technology surged past the resistance level RM0.24 with higher trading volume. Notice that the RSI indicator is pointing upwards, and coupled with higher lows pattern, we see that the bullish momentum will stay intact. If it trades above the resistance level, expect it to continue propelling towards the short-term target prices of RM0.275 and RM0.30. In this case, the downside support is marked at RM0.21, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.24

Target: RM0.275, RM0.30 (time frame: 2-4 weeks)

Exit: RM0.21

Source: AmInvest Research - 13 May 2020