Revenue Group breached the RM1.37 resistance level its lastest session. With an RSI level above 65%, it may continue to climb above this level with a short-term target price of RM1.47 followed by RM1.52. Meanwhile, it may continue to trend sideways if it dips back below the RM1.37 level. In this case, support price is anticipated at RM1.32, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM1.37

Target: RM1.47, RM1.52 (time frame: 3-6 weeks)

Exit: RM1.32

Source: AmInvest Research - 25 Jun 2019