Pestech International has been consolidating range-bound during recent sessions. As the momentum indicator RSI has swung above 50%, there is a possibilibity it will break the immediate resistance of RM1.08, with a target price of RM1.17 followed by RM1.25. On the downside, support price is anticipated at RM0.995 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.08

Target: RM1.17, RM1.25 (time frame: 3-6 weeks)

Exit: RM0.995

Source: AmInvest Research - 17 May 2019