Techbond Group inched above the RM0.795 resistance level in its latest session. With a healthy RSI level, the short-term momentum could reach a target price of RM0.85, followed by RM0.875. If it dips back below the RM0.795 mark, it may move sideways and consolidate. Support price is anticipated at RM0.75 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.795

Target: RM0.85, RM0.875 (time frame: 3-6 weeks)

Exit: RM0.75

Source: AmInvest Research - 19 Jul 2019