MyEG Services may soon test RM1.61 level. With a moderate RSI level, it may trend higher above this point with a target price of RM1.82. Meanwhile, it may continue moving sideways if it fails to cross above the RM1.61 mark in the near term. In this case, support is anticipated at RM1.50, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.61

Target: RM1.82 (time frame: 3-6 weeks)

Exit: RM1.50

Source: AmInvest Research - 17 Oct 2018