Johore Tin may soon retrace its path lower to test the RM1.06 level. Observe that the RSI indicator has crossed the 30% threshold, indicating that momentum is building. We foresee that the momentum will continue and travel towards the short-term target prices of RM1.14 and RM1.22. The downside support is anticipated at RM0.98, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy low near RM1.06

Target: RM1.14, RM1.22 (time frame: 3-6 weeks)

Exit: RM0.98

Source: AmInvest Research - 26 Mar 2020