MUI Properties is poised to test the RM0.285 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, we hold the view that there could be a technical breakout towards a short-term target price of RM0.31, followed by RM0.33. Meanwhile, the downside support is projected at RM0.26 and traders may cut loss on a breach.

Trading Call: Buy on breakout RM0.285

Target: RM0.31, RM0.33 (time frame: 2-4 weeks)

Exit: RM0.26

Source: AmInvest Research - 9 Oct 2020