Bursa Malaysia may soon move higher to test the resistance level RM6.52. With an RSI trending upwards, coupled with high trading volume, it may break out from the resistance level soon. If this happens, it will move towards the short-term target price of RM6.80, followed by RM7.20. In this case, the downside support is marked at RM6.25, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM6.52

Target: RM6.80, RM7.20 (time frame: 2-4 weeks)

Exit: RM6.25

Source: AmInvest Research - 15 May 2020