MNRB Holdings crossed the RM0.955 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM1.08. Meanwhile, it may continue moving sideways if it falls back below the RM0.955 mark in the near term. In this case, the immediate support is anticipated at RM0.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.955

Target: RM1.08 (time frame: 3-6 weeks)

Exit: RM0.90

Source: AmInvest Research - 14 Jan 2019