Astino is moving sideways, touching the RM0.715 resistance level. With its 21-day moving average pointing upward, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.745, followed by RM0.78. The downside support is marked at RM0.66. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.715

Target: RM0.745, RM0.78 (time frame: 2-4 weeks)

Exit: RM0.66
 

Source: AmInvest Research - 1 Sept 2021