Khee San may soon test the RM0.505 resistance level. With an RSI above 70%, a bullish bias may be present above this mark with the short-term target prices of RM0.54 and RM0.565. Meanwhile, it may continue moving sideways if it fails to cross RM0.505 in the near term. Support is then anticipated at RM0.435, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.505
Target: RM0.54, RM0.565 (time frame: 3-6 weeks)
Exit: RM0.435

Source: AmInvest Research - 12 Dec 2019