Sarawak Cable retreated after failing to break above the resistance price of RM0.36. With a moderate RSI, its uptrend momentum may resume if it breaks above the resistance price of RM0.36 in upcoming sessions. If this happens, its short-term target price will be RM0.39 followed by RM0.41. The support price is anticipated at RM0.32, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.36
Target: RM0.39, RM0.41 (time frame: 3-6 weeks)
Exit: RM0.32

Source: AmInvest Research - 17 Jan 2020