Unimech Group may soon test the RM1.32 resistance level. With a rising RSI, it may break the resistance level and climb towards the short-term target prices of RM1.37 and RM1.45. Meanwhile, it may continue moving sideways if it fails to cross the RM1.32 mark in the near term. In this case, the downside support is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction Trading Call: Buy upon breakout above RM1.32

Target: RM1.37, RM1.45 (time frame: 3-6 weeks) Exit: RM1.25

Source: AmInvest Research - 14 Jan 2020