Dagang Nexchange was testing the RM0.29 level during its intraday high. With a rising RSI above 60%, a bullish bias may be present above this mark with the short-term target prices of RM0.305 and RM0.32. Meanwhile, it may move sideways if it fails to cross the RM0.29 mark in the near term. The downside support is anticipated at RM0.275, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.29

Target: RM0.305, RM0.32 (time frame: 3-6 weeks) Exit: RM0.275

Source: AmInvest Research - 7 Jan 2020