KPJ Healthcare retreated after failing to breach the resistance price of RM0.925. With an RSI level above 50%, the uptrend may resume if it breaks above RM0.925 in upcoming sessions. If this happens, its short-term target price will be RM0.965 followed by RM1.00. Support is pegged at RM0.89, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.925

Target: RM0.965, RM1.00 (time frame: 3-6 weeks)

Exit: RM0.89

Source: AmInvest Research - 13 Sept 2019