Fitters Diversified may soon test the RM0.435 resistance level. With a rising RSI, a bullish bias may be present above this mark with a target level of RM0.47 followed by RM0.495. Meanwhile, it may continue moving sideways if it fails to cross the RM0.435 mark in the near term. In this case, the immediate support is anticipated at RM0.40, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.435

Target: RM0.47, RM0.495 (time frame: 3-6 weeks)

Exit: RM0.40

Source: AmInvest Research - 20 Jun 2019