Westports Holdings is moving sideways to test the RM3.95 resistance level. With its RSI indicator pointing upwards, 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 RM4.07 and RM4.19. The downside support is anticipated at RM3.78, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM3.95
Target: RM4.07, RM4.19 (time frame: 2-4 weeks)
Exit: RM3.78

Source: AmInvest Research - 9 Sept 2020