Sino Hua-An Internatinal retraced higher in its latest session. With a neutral RSI, the uptrend momentum may resume if it crosses above the immediate resistance level of RM0.20 with higher trading volume. In this case, its short-term target price will be RM0.23 followed by RM0.255. Support is anticipated at its recent low of RM0.175, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM0.20

Target: RM0.23, RM0.255 (time frame: 3-6 weeks)

Exit: RM0.175

Source: AmInvest Research - 14 Jun 2019