HeiTech Padu is poised to test the RM1.12 resistance level. With its RSI indicator pointing upwards coupled with a bullish white candle stick pattern, we think that there could be a technical breakout towards the short-term target price of RM1.17 followed by RM1.22. In this case, the downside support is marked at RM1.03, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.12

Target: RM1.17, RM1.22 (time frame: 2-4 weeks)

Exit: RM1.03

Source: AmInvest Research - 18 Sept 2020