Poh Kong is moving sideways before the immediate resistance level RM0.485. With a higher lows pattern sighted, this indicates that a bullish interest remains and there is a possibility we will see a technical breakout. If this happens, expect it to travel towards the short-term target prices of RM0.51 and RM0.53. The downside support is anticipated at RM0.445, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM0.485

Target: RM0.51, RM0.53 (time frame: 2-4 weeks)

Exit: RM0.445

Source: AmInvest Research - 23 Jun 2020