Comfort Gloves crossed above the RM0.935 mark in its latest session. With the RSI level at 70, a bullish bias may be present above this point with a target price of RM1.03, followed by RM1.09. Meanwhile, it may turn sideways if it dips back below the RM0.935 mark in the near term. In this case, support is anticipated at RM0.865 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.935

Target: RM1.03, RM1.09 (time frame: 3-6 weeks)

Exit: RM0.865

Source: AmInvest Research - 22 Nov 2018