Datasonic Group rallied above the resistance level of RM0.52 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target level of RM0.555, followed by RM0.585. If it dips below RM0.52, it will continue to move sideways and consolidate. Support level is anticipated at RM0.49 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon continuation above RM0.52

Target: RM0.555, RM0.585 (time frame: 3-6 weeks)

Exit: RM0.49

Source: AmInvest Research - 26 Jun 2019