CCK Consolidated Holdings was testing the RM0.665 level during its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM0.72, followed by RM0.80. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.665 mark in the near term. In this case, support is anticipated at RM0.61, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.665

Target: RM0.72, RM0.80 (time frame: 3-6 weeks)

Exit: RM0.61

Source: AmInvest Research - 7 Mar 2019