Salutica may soon test the RM0.985 resistance level. With a rising RSI, a bullish momentum may be present above this mark with short-term target prices of RM1.04 and RM1.08. Meanwhile, it may continue moving sideways if it fails to cross the RM0.985 mark in the near term. In this case, the downside support is anticipated at RM0.905, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.985

Target: RM1.04, RM1.08 (time frame: 3-6 weeks)

Exit: RM0.905

Source: AmInvest Research - 4 Nov 2019