MSM Malaysia Holdings rose and touched the RM1.32 resistance level. With its RSI indicator moving upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.38, followed by RM1.41. The downside support is marked at RM1.25. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.32

Target: RM1.38, RM1.41 (time frame: 2–4 weeks)

Exit: RM1.25

Source: AmInvest Research - 29 Jul 2021