UEM Edgenta inched above the RM2.70 resistance level in its latest session. With a neutral RSI level, it may move higher above this point with a target price of RM2.81, followed by RM3.00. Meanwhile, it may continue trending sideways if it dips back below the RM2.70 mark in the near term. In this case, support is anticipated at RM2.48, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further uptrend above RM2.70

Target: RM2.81, RM3.00 (time frame: 3-6 weeks)

Exit: RM2.48

Source: AmInvest Research - 29 Nov 2018