OWG Holdings pulled back and touched the RM0.48 support level. With its RSI indicator moving upward, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.51, followed by RM0.525. The downside support is marked at RM0.435. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.48

Target: RM0.51, RM0.525 (time frame: 2-4 weeks)

Exit: RM0.435
 

Source: AmInvest Research - 23 Sept 2021