George Kent (Malaysia) shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM1.19. If this happens, its short-term target price will be RM1.28 followed by RM1.36. Support price is anticipated at RM1.11, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.19

Target: RM1.28, RM1.36 (time frame: 3-6 weeks)

Exit: RM1.11

Source: AmInvest Research - 3 Jul 2019