ViTrox Corporation crossed above the RM7.60 mark and the 21-day SMA line during its latest session. With a neutral RSI level, a bullish bias may be present above this point with a target price of RM8.52. Meanwhile, it may turn sideways if it falls back below the RM7.60 mark in the near term. In this case, support is anticipated at RM7.03 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on uptrend continuation above RM7.60

Target: RM8.52 (time frame: 3-6 weeks)

Exit: RM7.03

Source: AmInvest Research - 7 Nov 2018