Vizione Holdings may soon move higher to test theRM0.47 resistance level. With its RSI indicator 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 RM0.495 and RM0.53. The downside support is anticipated at RM0.425, whereby traders may exit on a breach to avoid the risk of a further correction
 

Trading Call: Buy on breakout RM0.47

Target: RM0.495, RM0.53 (time frame: 2-4 weeks)

Exit: RM0.425

Source: AmInvest Research - 28 Aug 2020