Excel Force MSC inched above the RM0.69 level in its latest session. With a moderate RSI level, it may move higher above this mark with a target price of RM0.735, followed by RM0.77. Meanwhile, it may continue to trend sideways if it falls back below the RM0.69 mark in the near term. In this case, the immediate support is anticipated at RM0.64, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.69

Target: RM0.735, RM0.77 (time frame: 3-6 weeks)

Exit: RM0.64

Source: AmInvest Research - 19 Sept 2018