Astino consolidated and thereafter tested the RM1.41 resistance level. With its RSI indicator in an uptrend, coupled with sustainable trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards short-term target prices of RM1.46 and RM1.51. A downside support is projected at RM1.31. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.41

Target: RM1.46, RM1.51 (time frame: 2-4 weeks)

Exit: RM1.31
 

Source: AmInvest Research - 28 Jun 2021