Bursa Malaysia has been range-bound during recent sessions. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM6.20, and move towards the target prices of RM6.38 and RM6.55. The immediate support is anticipated at RM6.03, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM6.20
Target: RM6.38, RM6.55 (time frame: 3-6 weeks)
Exit: RM6.03

Source: AmInvest Research - 15 Oct 2019