Malaysia Airports rose and touched the RM5.50 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 RM5.75, followed by RM5.85. The downside support is marked at RM5.30. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM5.50

Target: RM5.75, RM5.85 (time frame: 2-4 weeks)

Exit: RM5.30

Source: AmInvest Research - 18 May 2021