Heveaboard jumped higher and may soon test the RM0.57 resistance level. With an RSI level above 60%, a bullish bias may be present above this mark with the target prices of RM0.615 and RM0.66. Meanwhile, it may continue moving sideways if it fails to cross the RM0.57 mark in the near term. In this case, the immediate support is anticipated at RM0.525, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.57
Target: RM0.615, RM0.66 (time frame: 3-6 weeks)
Exit: RM0.525

Source: AmInvest Research - 29 Oct 2019