KKB Engineering surged higher and tested the resistance level RM1.50 during its intraday high. With the momentum indicator RSI above 60%, it may move above the resistance and reach the short-term target price of RM1.58, followed by RM1.62. If it fails to cross RM1.50, it will continue to move sideways and consolidate. Support is anticipated at RM1.43 whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM1.50

Target: RM1.58, RM1.62 (time frame: 3-6 weeks) Exit: RM1.43

Source: AmInvest Research - 9 Jan 2020