Crest Builder Holdings printed a white marubozu candle to breach the RM0.92 resistance level. With a rising RSI level, a bullish bias may be present above this mark with a target price of RM0.985, followed by RM1.05. Meanwhile, it may turn sideways if it dips back below the RM0.92 mark in the near term. In this case, the immediate support is anticipated at RM0.85, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.92

Target: RM0.985, RM1.05 (time frame: 3-6 weeks)

Exit: RM0.85

Source: AmInvest Research - 21 Nov 2018