KPJ Healthcare has been sold down during recent sessions. As the RSI dipped below 20%, it has become oversold. As a hammer pattern formed in the latest session, it may rebound in the coming session if it breaks above the resistance price of RM0.935. If this happens, the short-term target price will be RM0.97 and RM1.00. Support is anticipated at RM0.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.935

Target: RM0.97, RM1.00 (time frame: 3-6 weeks)

Exit: RM0.90

Source: AmInvest Research - 5 Aug 2019