Dagang NeXchange was testing the RM0.28 level in its latest session. With a moderate RSI level, it may move higher above this mark with a target price of RM0.325. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.28 mark in the near term. In this case, support is anticipated at b, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.28

Target: RM0.325 (time frame: 3-6 weeks)

Exit: RM0.255

Source: AmInvest Research - 22 Jan 2019