Salutica surged with higher volume in its recent session. With an RSI level above 60%, it may break the resistance level of RM0.525 and move towards short-term target prices of RM0.58, followed by RM0.61. Meanwhile, it may move sideways if it fails to cross the RM0.525 level in the near term. The immediate support is anticipated at RM0.47, whereby traders may exit on a breach to avoid the risk of a further correction. 

Trading Call: Buy upon breakout above RM0.525

Target: RM0.58, RM0.61 (time frame: 3-6 weeks)

Exit: RM0.47

Source: AmInvest Research - 20 Aug 2019