Kumpulan H&L High-Tech surged and touched the RM1.45 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 RM1.56, followed by RM1.62. The downside support is marked at RM1.30. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.45

Target: RM1.56, RM1.62 (time frame: 2-4 weeks)

Exit: RM1.30
 

Source: AmInvest Research - 31 Dec 2021