NWP Holdings moved sideways, flirting with the RM0.21 resistance level. With its 21-day moving average pointing upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards short-term target price of RM0.22, followed by RM0.225. A downside support is marked at RM0.195. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.21

Target: RM0.22, RM0.225 (time frame: 2-4 weeks)

Exit: RM0.195
 

Source: AmInvest Research - 28 Jun 2021