Westports Holdings has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM4.08, with a target price of RM4.32 followed by RM4.56. On the downside, support price is anticipated at RM3.84 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM4.08

Target: RM4.32, RM4.56 (time frame: 3-6 weeks)

Exit: RM3.84

Source: AmInvest Research - 5 Aug 2019