Master-Pack Group broke past the resistance price of RM1.61 in the latest session. With the momentum indicator RSI above 70%, it may climb towards the target price of RM1.73 followed by RM1.79. If it dips below RM1.61, expect a sideway consolidation again. Support is then anticipated at RM1.48, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.61

Target: RM1.73, RM1.79 (time frame: 3-6 weeks)

Exit: RM1.48

Source: AmInvest Research - 24 Oct 2019