Aimflex is moving sideways, touching the RM0.165 resistance level. With its 21-day moving average pointing upward, 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 RM0.175 and RM0.185. The downside support is projected at RM0.15. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.165

Target: RM0.175, RM0.185 (time frame: 2-4 weeks)

Exit: RM0.15
 

Source: AmInvest Research - 7 Dec 2021