Hextar Global is poised to test the RM0.685 resistance level. With its 21-day moving average pointing upwards, coupled with a higher low candlestick pattern, we think that the bullish momentum will soon push towards the shortterm target price of RM0.73 followed by RM0.79. In this case, the downside support is marked at RM0.635, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.685
Target: RM0.73, RM0.79 (time frame: 2-4 weeks)
Exit: RM0.635

Source: AmInvest Research - 24 Aug 2020