Kronologi Asia broke past the resistance price of RM0.625 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM0.66 followed by RM0.695. If it dips below RM0.625, expect a sideway consolidation again. In this case, support price is anticipated at RM0.595, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.625

Target: RM0.66, RM0.695 (time frame: 3-6 weeks)

Exit: RM0.595

Source: AmInvest Research - 19 Sept 2019