Dagang NeXChange crossed above the RM0.42 mark in its latest session. With a rising RSI level, a bullish bias may be present above this point with a target price of RM0.465, followed by RM0.48. Meanwhile, it may turn sideways if it dips back below the RM0.42 mark in the near term. In this case, support is anticipated at RM0.385 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.42

Target: RM0.465, RM0.48 (time frame: 3-6 weeks)

Exit: RM0.385

Source: AmInvest Research - 2 Oct 2018