Insas surged and tested the RM0.895 resistance price in its latest session with higher trading volume. With the momentum indicator RSI above 60%, the short-term momentum could trend higher and move towards target prices of RM0.94, followed by RM0.985. If it fails to close above RM0.895, it will move sideways and consolidate. The support price is anticipated at RM0.85 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.895
Target: RM0.94, RM0.985 (time frame: 3-6 weeks)
Exit: RM0.85

Source: AmInvest Research - 12 Dec 2019