Berjaya Sports Toto inched higher in its latest session. With a neutral RSI, the momentum may continue and break the immediate resistance of RM2.67. If this happens, its short-term target prices will be RM2.76 and RM2.85. If it fails to cross the RM2.67, it will continue to move sideways and consolidate. The support price is anticipated at RM2.58 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.67

Target: RM2.76, RM2.85 (time frame: 3-6 weeks)

Exit: RM2.58

Source: AmInvest Research - 8 Aug 2019