Opcom Holdings surged past the RM0.67 resistance level in its latest session. With moderate RSI level, it may trend higher above this point with a target price of RM0.705, followed by RM0.735. Meanwhile, it may continue trending sideways if it dips back below the RM0.67 mark in the near term. In this case, support is anticipated at RM0.625, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.67

Target: RM0.705, RM0.735 (time frame: 3-6 weeks)

Exit: RM0.625

Source: AmInvest Research - 1 Apr 2019