Sino Huan-An International has been sold down during the last few sessions. However, it rebounded after hitting the strong support level of RM0.21. With a moderate RSI, the momentum may continue if it crosses the resistance level of RM0.245. In this case, the target price will be RM0.285 and RM0.32. Meanwhile, the immediate support is anticipated at RM0.21, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM0.245

Target: RM0.285, RM0.32 (time frame: 3–6 weeks)

Exit: RM0.21

Source: AmInvest Research - 24 Apr 2019