Revenue Group has rebounded from low with higher trading volume. With a neutral RSI, the momentum may continues to break the immediate resistance price of RM1.54. If this happens, short-term target price will be RM1.63, followed by RM1.71. On the downside, support price is anticipated at RM1.46 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.54

Target: RM1.63, RM1.71 (time frame: 3-6 weeks)

Exit: RM1.46

Source: AmInvest Research - 7 Aug 2019