Press Metal Aluminium was testing the resistance level of RM4.43 in its latest session. With a rising RSI, its uptrend momentum may resume if it breaks above the resistance level in upcoming sessions. If this happens, its short-term target price will be RM4.61 followed by RM4.77. Support level is anticipated at RM4.27, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM4.43

Target: RM4.61, RM4.77 (time frame: 3-6 weeks)

Exit: RM4.27

Source: AmInvest Research - 20 Jun 2019