HPP Holdings rose and flirted with the RM0.51 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 RM0.53, followed by RM0.535. The downside support is marked at RM0.485. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.51

Target: RM0.53, RM0.535 (time frame: 2-4 weeks)

Exit: RM0.485
 

Source: AmInvest Research - 6 Aug 2021