Mah Sing Group has been range-bound during recent sessions. With the momentum indicator RSI above 60%, there is a possibility it will break above the immediate resistance of RM0.98, and move towards the target prices of RM1.03 and RM1.08. Meanwhile, the immediate support is anticipated at RM0.93, whereby traders may exit on a breach to avoid the risk of a further correctionion.

Trading Call: Buy upon breakout above RM0.98

Target: RM1.03, RM1.08 (time frame: 3-6 weeks)

Exit: RM0.93

Source: AmInvest Research - 13 May 2019