Kumpulan Perangsang Selangor 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 RM0.735, and move towards the target prices of RM0.78 and RM0.83. The  immediate support is anticipated at RM0.685, whereby traders may exit on a breach to avoid the risk of a further consolidation.   

Trading Call: Buy upon breakout above RM0.735

Target: RM0.78, RM0.83 (time frame: 3-6 weeks)

Exit: RM0.685

Source: AmInvest Research - 25 Oct 2019