Hextar Global rebounded from its low to test the RM0.71 immediate resistance level. Since the RSI is above the 50% threshold level, and coupled with rising trading volume, we foresee that there could be a technical breakout soon. If this happens, it will travel towards the short-term target price of RM0.745 followed by RM0.775. In this case, the downside support is marked at RM0.66, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.71

Target: RM0.745, RM0.775 (time frame: 2-4 weeks)

Exit: RM0.66

Source: AmInvest Research - 2 Jun 2020