Poh Kong Holdings may soon test the RM0.635 resistance level. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM0.70. Meanwhile, it may continue moving sideways if it fails to cross the RM0.635 mark in the near term. In this case, the downside support is anticipated at RM0.58, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.635

Target: RM0.70 (time frame: 3-6 weeks)

Exit: RM0.58

Source: AmInvest Research - 24 Feb 2020