K. Seng Seng Corporation has formed a long white candle in its lastest session. With an RSI above 60%, it may continue to climb above the resistance price of RM0.56. If this happens, its shortterm target price will be RM0.64, followed by RM0.68. It may drift sideways if it fails to break above the RM0.56 mark in the near term. Support price is anticipated at RM0.49, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.56

Target: RM0.64, RM0.68 (time frame: 3-6 weeks)

Exit: RM0.49

Source: AmInvest Research - 15 Jul 2019