LKL International is poised to test the RM1.30 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 RM1.42 and RM1.53. The downside support is anticipated at RM1.16, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.30
Target: RM1.42, RM1.53 (time frame: 2-4 weeks)
Exit: RM1.16

Source: AmInvest Research - 15 Sept 2020