CSC Steel Holdings surged and touched the RM1.79 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 RM1.88, followed by RM1.94. The downside support is marked at RM1.64. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.79

Target: RM1.88, RM1.94 (time frame: 2-4 weeks)

Exit: RM1.64

Source: AmInvest Research - 25 May 2021