Destini rebounded from the support level in its latest session with a hammer pattern. With a neutral RSI, the uptrend momentum may resume if it crosses above the immeidate resistance level of RM0.285 with higher trading volume. In this case, its short-term target price will be RM0.315 followed by RM0.325. Support is anticipated at RM0.26, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM0.285

Target: RM0.315, RM0.325 (time frame: 3-6 weeks)

Exit: RM0.26

Source: AmInvest Research - 17 May 2019