UEM Edgenta inched above the RM2.67 level in its latest session. With a neutral RSI level, it may trend higher above this point with a target price of RM2.82, followed by RM3.00. Meanwhile, it may turn sideways if it falls back below the RM2.67 mark in the near term. In this case, support is anticipated at RM2.45, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM2.67

Target: RM2.82, RM3.00 (time frame: 3-6 weeks)

Exit: RM2.45

Source: AmInvest Research - 8 Nov 2018