Kronologi Asia surged past the resistance level RM0.56 with higher trading volume. With the RSI above 50%, we see that the momentum will continue to move towards the short-term target prices of RM0.61 and RM0.64. In this case, the downside support is anticipated at RM0.51, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation RM0.56
Target: RM0.61, RM0.64 (time frame: 2-4 weeks)
Exit: RM0.51

Source: AmInvest Research - 23 Apr 2020