Insas retreated after failing to break above the resistance price of RM0.86. With an RSI level above 60%, its uptrend momentum may resume if it breaks above RM0.86 in upcoming sessions. If this happens, its short-term target price will be RM0.92 followed by RM0.98. Support is anticipated at RM0.80, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.86

Target: RM0.92, RM0.98 (time frame: 3-6 weeks)

Exit: RM0.80

Source: AmInvest Research - 23 Oct 2019