Parkson Holdings consolidated and touched the RM0.185 resistance level. With its RSI indicator pointing upwards, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.205, followed by RM0.215. The downside support is marked at RM0.155. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM0.185

Target: RM0.205, RM0.215 (time frame: 2-4 weeks)

Exit: RM0.155

Source: AmInvest Research - 24 Feb 2021