YKGI Holdings rose and tested the RM0.265 resistance level. With its RSI indicator in an uptrend, coupled with higher trading volume, we see a possibility for a technica breakout. If this happens, we expect it to move towards the short-term target prices of RM0.28 and RM0.295. The downside support is projected at RM0.235. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM0.265

Target: RM0.28, RM0.295 (time frame: 2-4 weeks)

Exit: RM0.235

Source: AmInvest Research - 3 May 2021