Star Media Group may soon move higher to test the RM0.345 level. With the momentum indicator RSI above 60%, there is a possibility it will break out from resistance. If this happens, it may climb towards the short-term target prices of RM0.37 and RM0.385. The downside support is anticipated at RM2.72, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.345

Target: RM0.37, RM0.385 (time frame: 3-6 weeks)

Exit: RM0.31

Source: AmInvest Research - 22 Apr 2020