Excel Force MSC tested the resistance level of RM0.43 during its intraday high. With the momentum indicator RSI above 50%, it may continue to move towards the target price of RM0.455 followed by RM0.48. If it dips below RM0.43, expect a sideway consolidation again. In this case, support price is anticipated at RM0.395, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.43

Target: RM0.455, RM0.48 (time frame: 3-6 weeks)

Exit: RM0.395

Source: AmInvest Research - 9 Jul 2019