Ann Joo Resources crossed the RM1.27 resistance level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM1.35, followed by RM1.41. Meanwhile, it may continue moving sideways if it falls back below the RM1.27 mark in the near term. In this case, the immediate support is anticipated at RM1.21, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.27

Target: RM1.35, RM1.41 (time frame: 3-6 weeks)

Exit: RM1.21

Source: AmInvest Research - 13 Sept 2019