Three-A Resources may soon test the RM0.985 resistance level. With a healthy RSI level above 60%, a bullish bias may be present above this mark with a target price of RM0.94 and RM0.985. Meanwhile, it may continue moving sideways if it fails to cross the RM0.985 mark in the near term. In this case, the immediate support is anticipated at RM0.85, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.895

Target: RM0.94, RM0.985 (time frame: 3-6 weeks)

Exit: RM0.85

Source: AmInvest Research - 23 Jul 2019