UEM Edgenta surged past the resistance price of RM2.83 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM3.00, followed by RM3.13. If it dips below RM2.83, it will continue to move sideways and consolidate. Support price is anticipated at RM2.70 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.83

Target: RM3.00, RM3.13 (time frame: 3-6 weeks)

Exit: RM2.70

Source: AmInvest Research - 1 Jul 2019