IHH Healthcare has been consolidating during the last few sessions, with an immediate resistance level of RM5.70. With an RSI above 50%, it may break RM5.70 and move towards short term target prices of RM5.95 and RM6.20. Meanwhile, it may lose its bullish momentum if it fails to break the resistance level in near term. Support is anticipated at RM5.45, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM5.70

Target: RM5.95, RM6.20 (time frame: 3-6 weeks)

Exit: RM5.45

Source: AmInvest Research - 20 Jun 2019