Rohas Tecnic shot up but retreated after failing to break above the resistance price of RM0.61. With an RSI level above 70%, its uptrend momentum may resume if it breaks above the resistance price of RM0.61 in upcoming sessions. If this happens, its shortterm target price will be RM0.67 followed by RM0.73. Support price is anticipated at RM0.55, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.61
Target: RM0.67, RM0.73 (time frame: 3-6 weeks)
Exit: RM0.55

Source: AmInvest Research - 29 Oct 2019