NTPM Holdings jumped and tested the RM0.65 resistance level. With its RSI indicator pointing upwards, coupled with a white bullish candle stick pattern, we think that there could be a technical breakout towards the short-term target price of RM0.67 followed by RM0.685. In this case, the downside support is marked at RM0.615, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.65

Target: RM0.67, RM0.685 (time frame: 2-4 weeks)

Exit: RM0.615

Source: AmInvest Research - 2 Oct 2020