KPJ Healthcare shot up and tested the RM0.935 resistance level in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price and move towards the short-term target prices of RM0.97 and RM0.99. If it fails to go above RM0.935, expect a sideway movement. Support is anticipated at RM0.91, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.935
Target: RM0.97, RM0.99 (time frame: 3-6 weeks)
Exit: RM0.91

Source: AmInvest Research - 10 Dec 2019