T7 Global rebounded above the RM0.475 mark following the recent retracement. With a healthy RSI, the uptrend may continue towards the short-term target price of RM0.515, followed by RM0.53. Meanwhile, it may continue moving sideways if it dips below RM0.475 in the near term. Support price is then anticipated at RM0.44, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.475

Target: RM0.515, RM0.53 (time frame: 3-6 weeks)

Exit: RM0.44

Source: AmInvest Research - 16 Aug 2019