Sealink International was testing the RM0.21 resistance level during its intraday high. With a rising RSI level, a bullish bias may be present above this mark with a target price of RM0.24. Meanwhile, it may continue moving sideways if it fails to cross the RM0.21 mark in the near term. In this case, the immediate support is anticipated at RM0.19, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.21

Target: RM0.24 (time frame: 3-6 weeks)

Exit: RM0.19

Source: AmInvest Research - 24 Jul 2019