Malaysia Airports Holdings may soon test the RM7.80 level in its latest session. It may move higher upon a successful recovery above this mark with a target price of RM8.25, followed by RM8.50. Meanwhile, it may continue moving sideways if it fails to cross the RM7.80 mark in the near term. In this case, support is anticipated at RM7.43, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM7.80

Target: RM8.25, RM8.50 (time frame: 3-6 weeks)

Exit: RM7.43

Source: AmInvest Research - 13 Mar 2019