ViTrox Corporation may soon test the RM6.86 level. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM7.58, followed by RM7.92. Meanwhile, it may continue moving sideways if it fails to breach the RM6.86 mark in the near term. In this case, the immediate support is anticipated at RM6.36, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM6.86

Target: RM7.58, RM7.92 (time frame: 3-6 weeks)

Exit: RM6.36

Source: AmInvest Research - 15 Feb 2019