MKH broke past the resistance level RM1.16 with higher trading volume. With the technical indicator RSI pointing upwards, we foresee that the bullish momentum will continue to travel towards the short-term target price of RM1.25 followed by RM1.30. If it dips below RM1.16, expect a sideway consolidation again. In this case, the downside support is marked at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.16

Target: RM1.25, RM1.30 (time frame: 2-4 weeks)

Exit: RM1.10

Source: AmInvest Research - 4 Jun 2020