George Kent (Malaysia) has retreated from its high to test the 3- month support level of RM1.03. With a neutral RSI, there is a possibilibity it will break the immediate resistance of RM1.11, with a short-term target price of RM1.20 followed by RM1.28. In this case, the support level is anticipated at RM1.03 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.11

Target: RM1.20, RM1.28 (time frame: 3-6 weeks)

Exit: RM1.03

Source: AmInvest Research - 29 May 2019