Pos Malaysia has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 60%, it may break the RM1.73 immediate resistance, with a short-term target price of RM1.83 followed by RM1.92. On the downside risk, support is anticipated at RM1.64 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.73
Target: RM1.83, RM1.92 (time frame: 3-6 weeks)
Exit:

Source: AmInvest Research - 4 Oct 2019