Chin Hin Group leapt above the resistance price of RM0.60 in the latest session. With a rising RSI, a bullish bias may be present above this mark with the short-term target prices of RM0.63 and RM0.66. Meanwhile, it may continue moving sideways if it dips below RM0.60 mark in the near term. In this case, the downside support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.60
Target: RM0.63, RM0.66 (time frame: 3-6 weeks)
Exit: RM0.57

Source: AmInvest Research - 7 Feb 2020