Johore Tin retreated after failing to break above the resistance price of RM1.83. With RSI level above 50%, uptrend momentum may resume if it breaks above the resistance price of RM1.83 in upcoming sessions. If this happens, its short-term target price will be RM1.93 followed by RM2.03. Support price is anticipated at RM1.73, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.83

Target: RM1.93, RM2.03 (time frame: 3-6 weeks)

Exit: RM1.73

Source: AmInvest Research - 24 Jan 2020