HLT Global is poised to test the RM0.69 resistance level. With its 21-day moving avearge turning higher, coupled with higher trading volume, we belive that the bullish momentum has resumed. If it breaks out from resistance, it will travel towards the short-term target prices of RM0.72 and RM0.79. The downside support is anticipated at RM0.59, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.69

Target: RM0.72, RM0.79 (time frame: 2-4 weeks) Exit: RM0.59

Source: AmInvest Research - 22 Jun 2020