Johore Tin has rebounded higher with an engulfing pattern during latest session. With a rising RSI, it may rebound further in the coming sessions if it breaks above the resistance price of RM1.41. If this happens, the short-term target price will be RM1.48 and RM1.56. Support is anticipated at RM1.33, whereby traders may exit on a breach to avoid the risk of a further.

Trading Call: Buy upon breakout above RM1.41

Target: RM1.48, RM1.56 (time frame: 3-6 weeks)

Exit: RM1.33

Source: AmInvest Research - 7 Aug 2019