MPHB Capital crossed above the RM1.03 resistance level in its latest session. With a moderate RSI level, a bullish bias may be present above this mark with a target level of RM1.08 followed by RM1.12. Meanwhile, it may continue moving sideways if it falls back below the RM1.03 mark in the near term. In this case, the immediate support is anticipated at RM0.985, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.03

Target: RM1.08, RM1.12 (time frame: 3-6 weeks)

Exit: RM0.985

Source: AmInvest Research - 18 Jun 2019