Serba Dinamik Holdings is consolidating, testing the RM1.61 resistance level. With its RSI indicator in an uptrend, coupled with a higher low candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM1.66 and RM1.72. The downside support is projected at RM1.50. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.61

Target: RM1.66, RM1.72 (time frame: 2-4 weeks)

Exit: RM1.50

Source: AmInvest Research - 5 Feb 2021