ATA IMS has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 60%, there is a possibilibity it will break the immediate resistance of RM1.81, with a target price of RM1.94 followed by RM2.07. On the downside, support price is anticipated at RM1.68 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.81

Target: RM1.94, RM2.07 (time frame: 3–6 weeks)

Exit: RM1.68

Source: AmInvest Research - 25 Apr 2019