Westports Holdings shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM4.40. If this happens, its short-term target price will be RM4.62 followed by RM4.82. If it closes below RM4.40, expect a sideway movement. The support price is anticipated at RM4.20, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM4.40
Target: RM4.62, RM4.82 (time frame: 3-6 weeks)
Exit: RM4.20

Source: Kenanga Research - 14 Nov 2019