Poh Huat Resources Holdings has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break the resistance price of RM1.57, and move towards target prices of RM1.64 and RM1.70. Meanwhile, the immediate support is anticipated at RM1.51, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy upon breakout above RM1.57

Target: RM1.64, RM1.70 (time frame: 3-6 weeks)

Exit: RM1.51

Source: AmInvest Research - 10 Oct 2019