Sasbadi Holdings rose and tested the RM0.205 resistance level. With its RSI indicator in an uptrend, coupled with a higher low 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 RM0.215 and RM0.225. The downside support is projected at RM0.185. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.205

Target: RM0.215, RM0.225 (time frame: 2-4 weeks)

Exit: RM0.185

Source: AmInvest Research - 19 May 2021