Heitech Padu jumped and touched the RM1.40 resistance level. With its 21-day moving average trading 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 RM1.46, followed by RM1.50. The downside support is marked at RM1.31. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM1.40

Target: RM1.46, RM1.50 (time frame: 2–4 weeks)

Exit: RM1.31

Source: AmInvest Research - 13 Jul 2021