YNH Property printed a white candle with higher trading volume in its latest session. Note that the momentum indicator RSI is above 60%. The short-term momentum could surge past the immediate resistance of RM1.75 and move towards the target price of RM1.96, followed by RM2.17. The support level is anticipated at RM1.54 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM1.75

Target: RM1.96, RM2.17 (time frame: 3-6 weeks)

Exit: RM1.54

Source: AmInvest Research - 13 May 2019