Asia Poly Holdings surged and tested the RM0.37 resistance level. With the RSI indicator pointing upwards, coupled with higher low candlestick patterns, we think that the bullish momentum will continue to travel towards the short-term target price of RM0.405 followed by RM0.435. In this case, the downside support is marked at RM0.335, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback RM0.37
Target: RM0.405, RM0.435 (time frame: 2-4 weeks)
Exit: RM0.335

Source: AmInvest Research - 24 Jul 2020