Matrix Concepts Holdings has been range-bound during recent sessions. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance of RM1.92, and move towards a target price of RM2.00. Meanwhile, the downside support is anticipated at RM1.87, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy upon breakout above RM1.92

Target: RM2.00 (time frame: 3-6 weeks)

Exit: RM1.87

Source: AmInvest Research - 15 Aug 2019