Johore Tin was testing the resistance level of RM1.52 in its latest session. With the momentum indicator RSI above 60%, the short term movement could reach a target price of RM1.68, followed by RM1.83. If it fails to cross RM1.52, it will continue to move sideways and consolidates. The support level is anticipated at RM1.37 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.52

Target: RM1.68, RM1.83 (time frame: 3–6 weeks)

Exit: RM1.37

Source: AmInvest Research - 23 Apr 2019