Asia Poly Holdings is poised to test the RM0.445 resistance level. With higher trading volume sighted, coupled with its RSI indicator pointing upwards, we think that the bullish momentum will soon push towards the short-term target price of RM0.48 followed by RM0.52. In this case, the downside support is marked at RM0.395, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.445
Target: RM0.48, RM0.52 (time frame: 2-4 weeks)
Exit: RM0.395

Source: AmInvest Research - 19 Aug 2020