Samchem Holdings was testing the RM0.94 level in its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM0.985, followed by RM1.04. Meanwhile, it may drift sideways if it fails to cross the RM0.94 mark in the near term. In this case, support is anticipated at RM0.88, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.94

Target: RM0.985, RM1.04 (time frame: 3-6 weeks)

Exit: RM0.88

Source: AmInvest Research - 26 Sept 2018