Malaysia Airports surged past the resistance level of RM7.60 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM8.15, followed by RM8.50. If it dips below RM7.60, it will continue to move sideways and consolidate. Support level is anticipated at RM7.25 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on trend continuation above RM7.60

Target: RM8.15, RM8.50 (time frame: 2-4 weeks)

Exit: RM7.25

Source: AmInvest Research - 2 May 2019