DPI Holdings rose and tested the RM0.60 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards short-term target prices of RM0.62 and RM0.66. A downside support is projected at RM0.54. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.60

Target: RM0.62, RM0.66 (time frame: 2-4 weeks)

Exit: RM0.54

Source: AmInvest Research - 19 Jul 2021