Heveaboard has been range-bound during recent sessions. Higher trading volume was recorded at the latest session. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance price of RM0.655, and move towards a target price of RM0.685. Meanwhile, the immediate support is anticipated at RM0.63, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on favourable breakout above RM0.655

Target: RM0.685 (time frame: 2-4 weeks)

Exit: RM0.63

Source: AmInvest Research - 10 Apr 2019