POS Malaysia shot up and formed a long white candle in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price of RM1.56. If this happens, its short-term target price will be RM1.67 followed by RM1.76. Support price is anticipated at RM1.43, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.56
Target: RM1.67, RM1.76 (time frame: 3-6 weeks)
Exit: RM1.43

Source: AmInvest Research - 24 Dec 2019