BIMB Holdings rose and flirted with the RM3.83 resistance level. With its RSI indicator trading upwards, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards a short-term target price of RM3.95, followed by RM4.00. The downside support is marked at RM3.70. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM3.83

Target: RM3.95, RM4.00 (time frame: 2-4 weeks)

Exit: RM3.70
 

Source: AmInvest Research - 5 Aug 2021