KPJ Healthcare shot up and formed a long white candle in its lastest session. With an RSI level above 50%, it may continue to climb above the resistance price of RM0.98. If this happens, its short-term target price will be RM1.04 followed by RM1.12. If it closes below RM0.98, expect a sideway movement. Support is anticipated at RM0.945, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy near RM0.98
Target: RM1.04, RM1.12 (time frame: 3-6 weeks) Exit: RM0.945
Source: AmInvest Research - 6 Feb 2020
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