Insas was testing the resistance price RM0.835 again in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term rebound could reach a target price of RM0.885, followed by RM0.935. If it fails to cross the RM0.835, it will continue to move sideways and consolidates. Support price is anticipated at RM0.785 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.835

Target: RM0.885, RM0.935 (time frame: 4-8 weeks)

Exit: RM0.785

Source: AmInvest Research - 16 Apr 2019