Bursa Malaysia has been sold down during the last few sessions. As the RSI dipped below 20%, it has become oversold. It may rebound in the coming session if it breaks above the resistance level of RM6.23. If this happens, the short-term target price will be RM6.46 and RM6.69. Support is anticipated at the psychological level of RM6.00, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM6.23

Target: RM6.46, RM6.69 (time frame: 3-6 weeks)

Exit: RM6.00

Source: AmInvest Research - 15 May 2019