BIMB Holdings crossed above the RM3.75 resistance level in its latest session. With a rising RSI level, it may move higher above this point with a target price of RM4.00, followed by RM4.09. Meanwhile, it may continue trending sideways if it dips back below the RM3.75 mark in the near term. In this case, support is anticipated at RM3.60, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM3.75

Target: RM4.00, RM4.09 (time frame: 3-6 weeks)

Exit: RM3.60

Source: AmInvest Research - 3 Dec 2018