Protasco leapt above the resistance price of RM0.30 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the near-term target price of RM0.34 followed by RM0.375. On the downside, support price is anticipated at RM0.265, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on rebound above RM0.30

Target: RM0.34, RM0.375 (time frame: 2-4 weeks)

Exit: RM0.265

Source: AmInvest Research - 11 Apr 2019