Gabungan AQRS surged past the resistance price of RM1.31 in its latest session with higher trading volume. With a rising RSI, the short-term momentum could reach a target price of RM1.42, followed by RM1.47. However, the momentum will wane if it dips below RM1.23. 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 RM1.31

Target: RM1.42, RM1.47 (time frame: 3-6 weeks)

Exit: RM1.23

Source: AmInvest Research - 31 May 2019