Master-pack Group surged past the resistance level of RM2.72 with higher trading volume. With a rising RSI, the momentum may continue towards short-term target price of RM2.90 and RM3.05. Meanwhile, it may be moving sideways if it retreat below RM2.72 mark in the near term. In this case, the downside support is anticipated at RM2.57, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on continuation above RM2.72

Target: RM2.90, RM3.05 (time frame: 3-6 weeks)

Exit: RM2.57

Source: AmInvest Research - 23 Jan 2020