TIME dotCom broke past the resistance price of RM9.09 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM9.35, followed by RM9.56. If it dips below RM9.09, it will again move sideways and consolidate. Support price is anticipated at RM8.88 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM9.09

Target: RM9.35, RM9.56 (time frame: 3-6 weeks)

Exit: RM8.88

Source: AmInvest Research - 29 Aug 2019