Ta Ann Holdings inched above the resistance price of RM3.09 in the latest session. With the momentum indicator RSI above 70%, it may continue to move towards the near-term target price of RM3.30 followed by RM3.38. Meanwhile, it may move sideways if it falls back below RM3.09 in the near term. Support is anticipated at RM2.89, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.09

Target: RM3.30, RM3.38 (time frame: 3-6 weeks)

Exit: RM2.89

Source: AmInvest Research - 6 Dec 2019