Eden crossed the RM0.245 level and the 21-day SMA line in its recent session. With a healthy RSI level, it may move higher above this point with a target price of RM0.28, followed by RM0.30. Meanwhile, it may turn sideways if it dips back below the RM0.245 mark in the near term. In this case, support is anticipated at RM0.225 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.245

Target: RM0.28, RM0.30 (time frame: 3-6 weeks)

Exit: RM0.225

Source: AmInvest Research - 20 Sept 2018