MKH may soon test the RM1.58 resistance level. With a rising RSI, a bullish bias may be present above RM1.58 with a short term target prices of RM1.69 and RM1.80. It may continue moving sideways if it fails to cross the RM1.58 mark in the near term. Support is then anticipated at RM1.47, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.58
Target: RM1.69, RM1.80 (time frame: 3-6 weeks)
Exit: RM1.47

Source: AmInvest Research - 9 Dec 2019