Tomypak Holdings broke past the resistance price of RM0.50 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM0.53 followed by RM0.555. If it dips below RM0.50, expect a sideway consolidation again. In this case, the sssssssupport price is anticipated at RM0.475, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.50
Target: RM0.53, RM0.555 (time frame: 3-6 weeks)
Exit: RM0.475

Source: AmInvest Research - 30 Sept 2019