Malaysian Pacific Industries broke past the resistance price of RM11.00 in the latest session. With the momentum indicator RSI above 60%, it may continue to move towards the target price of RM11.50 followed by RM12.00. If it dips below RM11.00, expect a sideway consolidation again. In this case, the support price is anticipated at RM10.50, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM11.00
Target: RM11.50, RM12.00 (time frame: 3-6 weeks)
Exit: RM10.50

Source: AmInvest Research - 28 Nov 2019