UEM Sunrise surged past the resistance level of RM0.855 at the latest session. With the momentum indicator RSI above 50%, the bullish momentum may continue and move towards a target price of RM0.945. If it dips below RM0.855, it will move sideways for further consolidation. Meanwhile, the immediate support is anticipated at RM0.795, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on favourable breakout above RM0.855

Target: RM0.945, RM1.02 (time frame: 3-6 weeks)

Exit: RM0.795

Source: AmInvest Research - 11 Apr 2019