Lee Swee Kiat surged and tested the RM0.94 resistance level. With its RSI indicator in an uptrend, coupled with a higher high candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.99 and RM1.04. The downside support is projected at RM0.84.Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.94

Target: RM0.99, RM1.04 (time frame: 2-4 weeks)

Exit: RM0.84

Source: AmInvest Research - 3 Feb 2021