WTK Holdings jumped and touched the RM0.50 resistance level. With the momentum indicator RSI pointing upwards, coupled with higher trading volume, we see that there is a possibility it will experience a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM0.525 and RM0.57. The downside support is anticipated at RM0.44, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.50
Target: RM0.525, RM0.57 (time frame: 2-4 weeks)
Exit: RM0.44

Source: AmInvest Research - 17 Aug 2020