Uzma broke past the resistance level RM0.625 with higher trading volume. With the momentum indicator RSI trending above 50%, and coupled with higher trading volume, we see that it will move towards the short-term target prices of RM0.675 and RM0.725. The downside support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.625

Target: RM0.675, RM0.725 (time frame: 2-4 weeks)

Exit: RM0.57

Source: AmInvest Research - 18 May 2020