Affin Bank was testing the RM2.14 resistance price in its latest session. With the momentum indicator RSI above 50%, if may breach above this level and head towards a target price of RM2.22, followed by RM2.29. Meanwhile, it may lose its bullish momentum if it fails to go above RM2.14. In this case, support is anticipated at RM2.05, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.14

Target: RM2.22, RM2.29 (time frame: 3-6 weeks)

Exit: RM2.05

Source: AmInvest Research - 25 Jun 2019