KKB Engineering retreated after failing to break above the resistance level of RM1.36. With an RSI level above 50%, the uptrend momentum may resume if it again breaches above the resistance level of RM1.36 in upcoming sessions. If this happens, its short-term target price will be RM1.54 followed by RM1.69. Support price is anticipated at RM1.23, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.36

Target: RM1.54, RM1.69 (time frame: 3-6 weeks)

Exit: RM1.23

Source: AmInvest Research - 17 May 2019