Duopharma Biotech has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM1.41, and move towards the target price of RM1.47. The immediate support is anticipated at RM1.35, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy upon breakout above RM1.41

Target: RM1.47 (time frame: 3-6 weeks)

Exit: RM1.35

Source: AmInvest Research - 3 Dec 2019