Astro Malaysia Holdings may soon test the RM1.25 level. It may experience a technical rebound upon a successful recovery above this point with a target price of RM1.40. Meanwhile, it may continue moving sideways if it fails to cross the RM1.25 mark in the near term. In this case, support is anticipated at RM1.15, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on technical above RM1.25

Target: RM1.40 (time frame: 3-6 weeks)

Exit: RM1.15

Source: AmInvest Research - 19 Nov 2018