Lay Hong leapt and touched the RM0.365 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 RM0.385, followed by RM0.39. The downside support is marked at RM0.345. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.365

Target: RM0.385, RM0.39 (time frame: 2-4 weeks)

Exit: RM0.345

Source: AmInvest Research - 14 Apr 2021