IHH Healthcare retraced its path recently and might trend lower to test the RM5.34 level. With two-shooting star technical patterns sighted, coupled with the RSI indicator pointing downwards, we see that the correction mode is in play. If it touches RM5.34, expect a technical rebound towards the target price of RM5.53 followed by RM5.65. In this case, the downside support is marked at RM5.14, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on pullback at RM5.34

Target: RM5.53, RM5.65 (time frame: 2-4 weeks) Exit: RM5.14

Source: AmInvest Research - 12 Jun 2020