Asia Poly Holdings broke past the RM0.44 resistance level. With the RSI indicator pointing upwards, coupled with sustainable trading volume, we think that the bullish momentum will continue to travel towards the short-term target price of RM0.48 followed by RM0.52. In this case, the downside support is marked at RM0.38, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.44
Target: RM0.48, RM0.52 (time frame: 2-4 weeks)
Exit: RM0.38