MY E.G. Services broke past the resistance level of RM1.55 in the latest session. With the RSI above 65%, it may continue to move towards the short-term target price of RM1.68 followed by RM1.73. If it dips below RM1.55, expect a sideway consolidation movement. In this case, support price is anticipated at RM1.48, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.55

Target: RM1.68, RM1.73 (time frame: 3-6 weeks)

Exit: RM1.48

Source: AmInvest Research - 17 Jul 2019