Tambun Indah Land printed a long white candle to test the RM0.80 resistance in its latest session. With a rising RSI level, there is a possibility it will break above the resistance level and move towards target prices of RM0.84 and RM0.875. If it fails to cross above RM0.80, expect a sideway consolidation movement. Support is anticipated at RM0.765, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.80

Target: RM0.84, RM0.875 (time frame: 3-6 weeks)

Exit: RM0.765

Source: AmInvest Research - 29 Jul 2019