Vizione Holdings jumped and tested the RM0.415 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we think that there could be a technical breakout towards the short-term target price of RM0.435 followed by RM0.455. In this case, the downside support is marked at RM0.38, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.415

Target: RM0.435, RM0.455 (time frame: 2-4 weeks)

Exit: RM0.38

Source: AmInvest Research - 7 Oct 2020