Inta Bina Group may soon scale higher to test the RM0.25 resistance level. With the RSI indicator pointing upwards, coupled with a higher low candlestick pattern, we think that there could be a techincal breakout above the resistance level. If this happens, it will climb towards the technical target price of RM0.27 followed by RM0.29. In this case, the downside support is marked at RM0.225, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.25
Target: RM0.27, RM0.29 (time frame: 2-4 weeks)
Exit: RM0.225

Source: AmInvest Research - 10 Aug 2020