ATA IMS was testing the RM1.50 level in its latest session. With the RSI rising above 60%, it may trend higher with a target price of RM1.56, followed by RM1.68. Meanwhile, it may continue moving sideways if it fails to cross RM1.50 in the near term. In this case, support is anticipated at RM1.38, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.50

Target: RM1.56, RM1.68 (time frame: 3-6 weeks)

Exit: RM1.38

Source: AmInvest Research - 11 Oct 2019