Pestech International has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 65%, there is a possibility it will break above the resistance price of RM1.25, and move towards a target price of RM1.38. Meanwhile, the immediate support is anticipated at RM1.15, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.25

Target: RM1.38 (time frame: 3-6 weeks)

Exit: RM1.15

Source: AmInvest Research - 8 Jul 2019