SWS Capital rose and tested the RM0.515 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 RM0.54 and RM0.55. The downside support is projected at RM0.48. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.515

Target: RM0.54, RM0.55 (time frame: 2-4 weeks)

Exit: RM0.48
 

Source: AmInvest Research - 11 Nov 2021