IHH Healthcare formed a piercing line candle pattern in its latest session. It may experience a technical rebound upon successful recovery above the RM5.27 level with a target price of RM5.67, followed by RM6.03. Meanwhile, it may drift sideways if it fails to cross the RM5.27 mark in the near term. In this case, support is anticipated at RM4.96, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on technical rebound above RM5.27

Target: RM5.67, RM6.03 (time frame: 3-6 weeks)

Exit: RM4.96

Source: AmInvest Research - 20 Sept 2018