BIMB Holdings broke past the resistance price of RM4.26 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM4.53 followed by RM4.64. If it dips below RM4.26, expect a sideway consolidation again. In this case, the support price is anticipated at RM4.15, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM4.26

Target: RM4.53, RM4.64 (time frame: 3-6 weeks)

Exit: RM4.15

Source: AmInvest Research - 6 Nov 2019