Leong Hup International has been consolidating sideways during the last few sessions, with an immediate resistance price of RM0.835. With an RSI above 50%, it may break the resistance level. If this happens, the short-term target prices will be RM0.90 and RM0.965. Support is anticipated at RM0.77, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.835

Target: RM0.90, RM0.965 (time frame: 3-6 weeks)

Exit: RM0.77

Source: AmInvest Research - 19 Sept 2019