Uchi Technologies breached the RM2.67 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM2.83, followed by RM2.97. Meanwhile, it may continue moving sideways if it dips back below the RM2.67 mark in the near term. In this case, the immediate support is anticipated at RM2.52, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM2.67

Target: RM2.83, RM2.97 (time frame: 3-6 weeks)

Exit: RM2.52

Source: AmInvest Research - 14 Feb 2019