KPJ Healthcare is seen continuing its uptrend, testing the RM0.885 resistance level. With its higher high candlestick pattern, coupled with higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.92 and RM0.94. The downside support is projected at RM0.85. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.885

Target: RM0.92, RM0.94 (time frame: 2-4 weeks)

Exit: RM0.85

Source: AmInvest Research - 22 Oct 2020