Crest Builder Holdings rose and tested the RM0.685 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 RM0.715 and RM0.725. The downside support is projected at RM0.645. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.685

Target: RM0.715, RM0.725 (time frame: 2-4 weeks)

Exit: RM0.645

Source: AmInvest Research - 11 Mar 2021