Poh Kong Holdings surged past the resistance price of RM0.60 in its latest session with higher trading volume. With the momentum indicator RSI above 60%, it may further propel towards the target prices of RM0.665 and RM0.70. The immediate support is anticipated at RM0.555, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on continuation above RM0.60
Target: RM0.665, RM0.70 (time frame: 3-6 weeks)
Exit: RM0.555

Source: AmInvest Research - 31 Jan 2020