Salutica was testing the RM0.90 level in its latest session. With a rising RSI, a bullish bias may be present above this mark with the target prices of RM0.965 and RM1.05. Meanwhile, it may continue moving sideways for more consolidation if it fails to break the resistance in the coming sessions. In this case, the immediate support is anticipated at RM0.815, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.90

Target: RM0.965, RM1.05 (time frame: 3-6 weeks) Exit: RM0.815

Source: AmInvest Research - 14 Jan 2020