OSK Holdings rose and tested the RM0.90 resistance level. With its RSI indicator in an uptrend, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.935 and RM0.975. The downside support is projected at RM0.855. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.90

Target: RM0.935, RM0.975 (time frame: 2-4 weeks)

Exit: RM0.855
 

Source: AmInvest Research - 18 Oct 2021