Sino Hua-An International was testing the RM0.29 level in its latest session. With a moderate RSI level, it may trend higher above this point with a target price of RM0.315, followed by RM0.33. Meanwhile, it may continue trending sideways if it fails to breach the RM0.29 mark in the near term. In this case, support is anticipated at RM0.265, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further uptrend above RM0.29

Target: RM0.315, RM0.33 (time frame: 3-6 weeks)

Exit: RM0.265

Source: AmInvest Research - 20 Sept 2018