Hiap Teck Venture was testing the RM0.275 level in its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM0.31, followed by RM0.33. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.275 mark in the near term. In this case, support is anticipated at RM0.245, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.275

Target: RM0.31, RM0.33 (time frame: 3-6 weeks)

Exit: RM0.245

Source: AmInvest Research - 14 Jan 2019