MMC Corporation inched above the RM1.07 mark in its latest session to close at its session high. With a healthy RSI level, it may cross above this level with a target price of RM1.18. Meanwhile, it may continue moving sideways if it dips back below the RM1.07 mark. In this case, the support level is anticipated at RM1.00 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM1.07

Target: RM1.18 (time frame: 3-6 weeks)

Exit: RM1.00

Source: AmInvest Research - 19 Jun 2019