Westports 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 above the resistance price of RM4.23, and move towards the target prices of RM4.38 and RM4.51. The immediate support is anticipated at RM4.10, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM4.23
Target: RM4.38, RM4.51 (time frame: 3-6 weeks)
Exit: RM4.10

Source: AmInvest Research - 14 Oct 2019