BIMB Holdings surged past the resistance price RM4.49 in its latest session. With the momentum indicator RSI above 60%, the short-term momentum could reach a target price of RM4.65, followed by RM4.75. If it dips below RM4.49, it will continue to move sideways and consolidates. Support price is anticipated at RM4.36 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM4.49

Target: RM4.65, RM4.75 (time frame: 3-6 weeks)

Exit: RM4.36

Source: AmInvest Research - 20 Dec 2019