MyEG Services crossed the RM1.65 level in its latest session. With the RSI level at 70, a bullish bias may be present above this point with a target price of RM1.80, followed by RM1.88. Meanwhile, it may turn sideways if it dips back below the RM1.65 mark in the near term. In this case, support is anticipated at RM1.50, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.65

Target: RM1.80, RM1.88 (time frame: 3-6 weeks)

Exit: RM1.50

Source: AmInvest Research - 19 Sept 2018