Homeritz Corporation retreated after failing to break above the resistance price of RM0.69. As the RSI indicator is showing a bullish momentum intact, it may continue to climb above RM0.69 and move towards short-term target price of RM0.74, followed by RM0.77. In this case, support is anticipated at RM0.66, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on continuation above RM0.69

Target: RM0.74, RM0.77 (time frame: 3-6 weeks) Exit: RM0.66

Source: AmInvest Research - 9 Jan 2020