Johore Tin has been consolidating sideways during the last few sessions, with an immediate resistance level of RM1.40. With a rising RSI, it may break the resistance level. If this happens, the short-term target price will be RM1.48 followed by RM1.55. In this case, support is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.40

Target: RM1.48, RM1.55 (time frame: 3-6 weeks)

Exit: RM1.33

Source: AmInvest Research - 9 Jul 2019