JHM Consolidation may soon move higher to test the RM1.73 resistance level. Observed that the momentum indicator RSI is above the 50% threshold level, and coupled with a higher lows of chart pattern, there is a possibility it will experience a technical breakout. If this happens, expect it to move towards the short-term target prices of RM1.85 and RM2.00. The downside support is anticipated at RM1.52, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM1.73
Target: RM1.85, RM2.00 (time frame: 2-4 weeks)
Exit: RM1.52

Source: AmInvest Research - 1 Sept 2020