Affin Bank rebounded from its low to test the RM2.00 immediate resistance level. With an RSI above 60%, a bullish bias may be present above this mark with target prices of RM2.08 and RM2.13. Meanwhile, it may continue moving sideways if it fails to cross the RM2.00 mark in the near term. In this case, the immediate support is anticipated at RM1.92, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.00
Target: RM2.08, RM2.13 (time frame: 3-6 weeks)
Exit: RM1.92

Source: AmInvest Research - 12 Nov 2019