Mudajaya Group surged past the resistance price RM0.48 in recent sessions. With an RSI rising above 60%, the momentum may propel towards RM0.55 and RM0.575. Meanwhile, it may continue moving sideways if it dips below RM0.48 mark in the near term. In this case, the downside support is anticipated at RM0.435, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on pullback near RM0.48
Target: RM0.55, RM0.575 (time frame: 3-6 weeks)
Exit: RM0.435

Source: AmInvest Research - 10 Feb 2020