IHH Healthcare climbed and hit the RM6.55 resistance level. With its RSI indicator pointing upwards, 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 RM6.70, followed by RM6.84. The downside support is marked at RM6.32. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM6.55

Target: RM6.70, RM6.84 (time frame: 2-4 weeks)

Exit: RM6.32
 

Source: AmInvest Research - 17 Dec 2021