Malaysia Airports Holdings retraced and touched the RM6.73 support level. With its 21-day moving average pointing upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM7.00, followed by RM7.15. The downside support is marked at RM6.34. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM6.73

Target: RM7.00, RM7.15 (time frame: 2-4 weeks)

Exit: RM6.34
 

Source: AmInvest Research - 21 Sept 2021