Astino surged and tested the RM0.695 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.725 and RM0.755. The downside support is projected at RM0.635. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.695

Target: RM0.725, RM0.755 (time frame: 2-4 weeks)

Exit: RM0.635
 

Source: AmInvest Research - 11 Oct 2021