Heitech Padu surged and hit the RM1.19 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.24, followed by RM1.27. The downside support is marked at RM1.13. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.19

Target: RM1.24, RM1.27 (time frame: 2-4 weeks)

Exit: RM1.13
 

Source: AmInvest Research - 13 Dec 2021