Optimax Holdings climbed and touched the RM1.40 resistance level. With its RSI indicator moving upward, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.47, followed by RM1.51. The downside support is marked at RM1.29. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.40

Target: RM1.47, RM1.51 (time frame: 2-4 weeks)

Exit: RM1.29
 

Source: AmInvest Research - 28 Oct 2021