Greatech Technology inched higher to test the RM1.59 resistance level during its intraday high. With a rising RSI, it may continue move higher above this mark with a target price of

RM1.67, followed by RM1.77. Meanwhile, it may drift sideways if it fails to cross the RM1.59 mark in the near term. In this case, support is anticipated at RM1.49, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.59

Target: RM1.67, RM1.77 (time frame: 3-6 weeks)

Exit: RM1.49

Source: AmInvest Research - 7 Oct 2019