Khind Holdings jumped and tested the RM4.40 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 RM4.71 and RM5.00. The downside support is projected at RM4.00. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM4.40

Target: RM4.71, RM5.00 (time frame: 2-4 weeks)

Exit: RM4.00
 

Source: AmInvest Research - 27 Oct 2021