IHH Healthcare was testing the RM5.64 level in its latest session. With a rising RSI level, it may trend higher above this point with a target price of RM6.13, followed by RM6.35. Meanwhile, it may continue trending sideways if it fails to cross the RM5.64 mark in the near term. In this case, support is anticipated at RM5.20, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM5.64

Target: RM6.13, RM6.35 (time frame: 3-6 weeks)

Exit: RM5.20

Source: AmInvest Research - 13 Dec 2018