Matrix Concepts Holdings broke past the resistance price of RM1.92 in the latest session. With the momentum indicator RSI above 60%, it may continue its uptrend towards the target price of

RM1.97 followed by RM2.00. If it dips below RM1.92, expect a sideway consolidation again. In this case, the support price is anticipated at RM1.88, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM1.92

Target: RM1.97, RM2.00 (time frame: 3-6 weeks)

Exit: RM1.88

Source: AmInvest Research - 23 Sept 2019