Hextar Global rose and hit the RM1.48 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.54, followed by RM1.58. The downside support is marked at RM1.38. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.48

Target: RM1.54, RM1.58 (time frame: 2-4 weeks)

Exit: RM1.38
 

Source: AmInvest Research - 27 Dec 2021