Censof Holdings rose and tested the RM0.485 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.505 and RM0.525. The downside support is projected at RM0.445. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.485

Target: RM0.505, RM0.525 (time frame: 2–4 weeks)

Exit: RM0.445

Source: AmInvest Research - 14 Jul 2021