Muda Holdings breached the RM1.89 minor resistance level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM2.00, followed by RM2.18. Meanwhile, it may continue trending sideways if it falls back below the RM1.89 mark in the near term. In this case, the immediate support is anticipated at RM1.75, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM1.89

Target: RM2.00, RM2.18 (time frame: 3-6 weeks)

Exit: RM1.75

Source: AmInvest Research - 27 Sept 2018