KUB Malaysia retraced its path to below the RM0.40 resistance level for consolidation. If it trades above the resistance level again, we think the bullish momentum will return and propel it towards the short-term target price of RM0.42 followed by RM0.44. In this case, the downside support is marked at RM0.sss37, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.40

Target: RM0.42, RM0.44 (time frame: 2-4 weeks)

Exit: RM0.37

Source: AmInvest Research - 26 Jun 2020