Westports Holdings climbed and touched the RM4.35 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 RM4.50, followed by RM4.55. The downside support is marked at RM4.20. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM4.35

Target: RM4.50, RM4.55 (time frame: 2-4 weeks)

Exit: RM4.20

Source: AmInvest Research - 21 May 2021