Ho Hup Construction Company jumped and is poised to touch the RM0.44 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance it will break out and head towards the short-term target price of RM0.46, followed by RM0.475. The downside support is marked at RM0.405. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.44

Target: RM0.46, RM0.475 (time frame: 2-4 weeks)

Exit: RM0.405

Source: AmInvest Research - 24 Nov 2020