Engtex Group was testing the RM0.63 level in its latest session. With a rising RSI level, it may trend higher with a target price of RM0.68, followed by RM0.73. Meanwhile, it may continue trending sideways if it fails to cross RM0.63 in the near term. In this case, support is anticipated at RM0.575, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.63
Target: RM0.68, RM0.73 (time frame: 3-6 weeks)
Exit: RM0.575

Source: AmInvest Research - 11 Nov 2019