Bursa Malaysia crossed the RM6.19 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with target prices of RM6.39 and RM6.56. It may continue moving sideways if it falls back below RM6.19 in the near term. The immediate support is anticipated at RM6.02, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM6.19

Target: RM6.39, RM6.56 (time frame: 3-6 weeks)

Exit: RM6.02

Source: AmInvest Research - 8 Nov 2019