Spring Art Holdings consolidated and flirted with the RM0.38 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it may break out and head towards the short-term target price of RM0.405, followed by RM0.415. Meanwhile, the downside support is marked at RM0.355. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.38

Target: RM0.405, RM0.415 (time frame: 2-4 weeks)

Exit: RM0.355

Source: AmInvest Research - 10 Dec 2020