KNM Group leapt above the resistance price of RM0.405 in the latest session. With the momentum indicator RSI above 60%, it may continue to climb to the near-term target price of RM0.44 followed by RM0.465. If it dips below RM0.405, expect a sideway consolidation again. On the downside, support is expected at RM0.38, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.405

Target: RM0.44, RM0.465 (time frame: 3-6 weeks)

Exit: RM0.38

Source: AmInvest Research - 20 Sept 2019