Berjaya Land has been trending higher with volumes during recent sessions. With an RSI level above 70%, it may cross the resistance level of RM0.215 and move towards short-term target prices of RM0.245 and RM0.27. Meanwhile, it may move sideways if it fails to cross the RM0.215 level in the near term. The immediate support is anticipated at RM0.19, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy upon breakout above RM0.215

Target: RM0.245, RM0.27 (time frame: 3-6 weeks)

Exit: RM0.19

Source: AmInvest Research - 19 Aug 2019