Teo Seng Capital crossed the RM1.20 resistance level in its latest session. With an RSI above 70%, the bullish momentum may continue and move towards the target prices of RM1.27 and RM1.35. If it dips below RM1.20, it will move sideways for further consolidation. In this case, the downside support is anticipated at RM1.12, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM1.20
Target: RM1.27, RM1.35 (time frame: 3-6 weeks)
Exit: RM1.12

Source: AmInvest Research - 18 Oct 2019