Ranhill Holdings rose above the RM1.09 level during its latest session. With the RSI level just above 70, a bullish bias may be present above this mark with a target price of RM1.20, followed by RM1.26. Meanwhile, it may turn sideways if it dips back below the RM1.09 mark in the near term. In this case, the immediate support is anticipated at RM1.00, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further uptrend above RM1.09

Target: RM1.20, RM1.26 (time frame: 3-6 weeks)

Exit: RM1.00

Source: AmInvest Research - 13 Nov 2018