Fajarbaru Builder Group climbed and touched the RM0.375 resistance level. With its RSI indicator pointing 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 RM0.39, followed by RM0.40. The downside support is marked at RM0.35. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.375

Target: RM0.39, RM0.40 (time frame: 2-4 weeks)

Exit: RM0.35
 

Source: AmInvest Research - 18 Nov 2021