Rubberex Corporation (M) is consolidating with the immediate resistance level at RM0.875 and registering high trading volume. Observed that the momentum indicator RSI is trending higher, hence there is a possibility it will break out from the resistance level. If this happens, the short-term target prices will be RM0.91 and RM0.94. In this case, the downside support is anticipated at RM0.815, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.875

Target: RM0.91, RM0.94 (time frame: 3-6 weeks)

Exit: RM0.815

Source: AmInvest Research - 9 Mar 2020