Comfort Gloves was testing the RM0.88 resistance level in its latest session. With a rising RSI, the bullish momentum should continue and reach the target price of RM0.925, followed by the next target price of RM0.965. Meanwhile, it may turn sideways if it fails to cross the RM0.88 mark in the near term. In this case, support is anticipated at RM0.84 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.88

Target: RM0.925, RM0.965 (time frame: 3-6 weeks)

Exit: RM0.84

Source: AmInvest Research - 4 Apr 2019