Insas has been range-bound during recent sessions. With the momentum indicator RSI rising higher, there is a possibility it will break above the resistance of RM0.795, and move towards a target price of RM0.835 followed by RM0.87. Meanwhile, the immediate support is anticipated at RM0.76, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.795

Target: RM0.835, RM0.87 (time frame: 3-6 weeks)

Exit: RM0.76

Source: AmInvest Research - 29 Aug 2019