Hextar Global is consolidating and testing the RM0.69 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance for a technical breakout towards the short-term target price of RM0.72, followed by RM0.75. The downside support is marked at RM0.66. Traders are advised to exit on a breach on a breach to avoid further losses.

Trading Call: Buy near RM0.69

Target: RM0.72, RM0.75 (time frame: 2-4 weeks)

Exit: RM0.66

Source: AmInvest Research - 12 Oct 2020