CJ Century Logistics has tested the reistance level RM0.465 in his lastest session. With the RSI above 70%, it may continue to climb above the resistance price and move towards the target price of RM0.505 followed by RM0.54. He will continue to drift sideways if it fails to cross above the RM0.465 mark in the near term. Support price is anticipated at RM0.43, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.465

Target: RM0.505, RM0.54 (time frame: 3-6 weeks)

Exit: RM0.43

Source: AmInvest Research - 25 Jul 2019