Lagenda Properties is moving sideways, touching the RM1.42 resistance level. With its higher low and higher high candlestick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.48, followed by RM1.50. The downside support is marked at RM1.37. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.42

Target: RM1.48, RM1.50 (time frame: 2-4 weeks)

Exit: RM1.37

Source: AmInvest Research - 6 May 2021