KUB Malaysia broke past the resistance level of RM0.375 in its latest session. With a rising RSI, it may continue to move towards the short-term target price of RM0.405 followed by RM0.435. If it dips back below RM0.375, expect a sideway consolidation movement. In this case, support price is anticipated at RM0.35, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.375

Target: RM0.405, RM0.435 (time frame: 3-6 weeks)

Exit: RM0.35

Source: AmInvest Research - 19 Jul 2019