Kronologi Asia was testing the RM0.71 level in its latest session. With an RSI rising above 70%, it may trend higher with a target price of RM0.75, followed by RM0.79. It may continue moving sideways if it fails to cross the RM0.71 mark in the near term. In this case, support is anticipated at RM0.67, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.71
Target: RM0.75, RM0.79 (time frame: 3-6 weeks)
Exit: RM0.67

Source: AmInvest Research - 29 Oct 2019