Nova Group was testing the RM0.135 level in its latest session. With a healthy RSI level, it may move higher above this mark with a target price of RM0.15, followed by RM0.17. Meanwhile, it may continue to drift sideways if it fails to cross the RM0.135 mark in the near term. Meanwhile, support is anticipated at RM0.115, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.135

Target: RM0.15, RM0.17 (time frame: 3-6 weeks)

Exit: RM0.115

Source: AmInvest Research - 3 Apr 2019