Khind Holdings jumped and tested the RM3.09 resistance level. With its RSI indicator pointing upwards, 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 RM3.28 and RM3.51. The downside support is projected at RM2.75. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.09

Target: RM3.28, RM3.51 (time frame: 2-4 weeks)

Exit: RM2.75

Source: AmInvest Research - 20 Jan 2021