MKH jumped and touched the RM1.29 resistance level. With its higher high candle stick pattern, coupled with higher trading volume, there is a good chance it will break out and head towards the short-term target price of RM1.33, followed by RM1.36. The downside support is marked at RM1.24. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.29

Target: RM1.33, RM1.36 (time frame: 2-4 weeks)

Exit: RM1.24

Source: AmInvest Research - 9 Nov 2020