George Kent was testing the RM1.14 resistance level amid rising volume. It may trend higher upon a successful breach above this point with a target price of RM1.23, followed by RM1.30. Meanwhile, it may continue to drift sideways if it fails to cross the RM1.14 level in the near term. In this case, support is anticipated at RM1.05, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM1.14

Target: RM1.23, RM1.30 (time frame: 3-6 weeks)

Exit: RM1.05

Source: AmInvest Research - 27 Mar 2019