CCK Consolidated Holdings is moving sideways, and is poised to touch the RM0.65 resistance level. With its RSI indicator poiting upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.675, followed by RM0.695. The downside support is marked at RM0.625. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.65

Target: RM0.675, RM0.695 (time frame: 2-4 weeks)

Exit: RM0.625
 

Source: AmInvest Research - 9 Jun 2021