S P Setia leapt above the resistance price of RM1.30 in the latest session. With a rising RSI, it may continue to move towards the near-term target price of RM1.37 followed by RM1.42. Meanwhile, it may move sideways if it falls back below RM1.30 in the near term. Support is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM1.30
Target: RM1.37, RM1.42 (time frame: 3-6 weeks)
Exit: RM1.25

Source: AmInvest Research - 28 Nov 2019