Excel Force MSC has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM0.66, with a target price of RM0.72 followed by RM0.78. On the downside, support price is anticipated at RM0.60 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.66

Target: RM0.72, RM0.78 (time frame: 3-6 weeks)

Exit: RM0.60

Source: AmInvest Research - 5 Sept 2019