Bursa Malaysia may soon move higher to test the RM5.15 resistance level. The RSI indicator crossed the 50% threshold indicating that the bullish is momentum intact. We see that here is a possibility it will experience a technical breakout and travel towards the short-term target prices of RM5.40 and RM5.60. The downside support is anticipated at RM4.80, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM5.15

Target: RM5.40, RM5.60 (time frame: 3-6 weeks)

Exit: RM4.80

Source: AmInvest Research - 9 Apr 2020