JHM Consolidation leapt above the RM1.24 resistance price in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM1.33, followed by RM1.40. If it dips below RM1.24, it will continue to move sideways and consolidate. The support price is anticipated at RM1.17 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.24

Target: RM1.33, RM1.40 (time frame: 3-6 weeks)

Exit: RM1.17

Source: AmInvest Research - 27 Sept 2019