Dataprep Holdings surged and is poised to test the RM0.225 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, the bullish momentum is still intact and we see a possible technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.235 and RM0.25. The downside support is projected at RM0.21. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.225

Target: RM0.235, RM0.25 (time frame: 2-4 weeks)

Exit: RM0.21

Source: AmInvest Research - 28 Oct 2020