KPJ Healthcare has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM0.95, and move towards a target price of RM0.99 followed by RM1.05. On the downside, the support price is anticipated at RM0.915 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.95

Target: RM0.99, RM1.05 (time frame: 3-6 weeks)

Exit: RM0.915

Source: AmInvest Research - 4 Nov 2019