KPJ Healthcare rebounded from its low and started consolidating near the resistance level of RM0.965. With an RSI level above 50%, the uptrend momentum may resume if it breaks above the resistance level. If this happens, the short-term target price will be RM1.02 followed by RM1.07. Support level is anticipated at RM0.92, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.965

Target: RM1.02, RM1.07 (time frame: 3-6 weeks)

Exit: RM0.92

Source: AmInvest Research - 14 Jun 2019