SAM Engineering & Equipment leapt above the resistance price RM8.50 in its latest session, breaking its all-time high record. With the momentum indicator RSI above 65%, the short-term momentum could reach a target price of RM9.00, followed by RM9.30.The support price is anticipated at RM8.30 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM8.50

Target: RM9.00, RM9.30 (time frame: 3-6 weeks)

Exit: RM8.30

Source: AmInvest Research - 10 Jul 2019