Advancecon Corporation crossed the RM0.34 level in its latest session. With an RSI level above 70, a bullish bias may be present above this point with a target price of RM0.40. Meanwhile, it may continue drifting sideways if it falls back below the RM0.34 mark in the near term. In this case, support is anticipated at RM0.31 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound RM0.34

Target: RM0.40 (time frame: 3-6 weeks)

Exit: RM0.31

Source: AmInvest Research - 21 Feb 2019