Kumpulan Perangsang Selangor shot up and formed a long white candle in its lastest session. Higher trading volume was recorded too during recent sessions. With a healthy RSI, it may continue to climb above the resistance price of RM1.53. If this happens, its short-term target price will be RM1.66 followed by RM1.78. Support price is anticipated at RM1.41, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on trend continuation above RM1.53

Target: RM1.66, RM1.78 (time frame: 3–6 weeks)

Exit: RM1.41

Source: AmInvest Research - 24 Apr 2019