Comfort Gloves jumped and touched the RM4.75 resistance level. With higher trading volume sighted, coupled with a higher low candlestick pattern, 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 RM5.25 and RM5.75. The downside support is anticipated at RM4.26, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM4.75
Target: RM5.25, RM5.75 (time frame: 2-4 weeks)
Exit: RM4.26

Source: AmInvest Research - 24 Aug 2020