WTK Holdings may soon test the RM0.505 resistance level. With a rising RSI, a bullish bias may be present above this mark with short-term target prices of RM0.535 and RM0.58. Meanwhile, it may continue moving sideways if it fails to cross RM0.505 in the near term. In this case, the downside support is anticipated at RM0.46, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM0.505

Target: RM0.535, RM0.58 (time frame: 3-6 weeks)

Exit: RM0.46

Source: AmInvest Research - 6 Nov 2019