Seacera Group climbed above the RM0.355 mark in its latest session. With a rising RSI level, a bullish bias may be present above this point with a target price of RM0.42. Meanwhile, it may continue trending sideways if it dips back below the RM0.355 mark in the near term. In this case, support is anticipated at RM0.33 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.355

Target: RM0.42 (time frame: 3-6 weeks)

Exit: RM0.33

Source: AmInvest Research - 7 Mar 2019