Comfort Gloves shot up and formed a long white candle in its lastest session. With an RSI level above 70%, it may continue to climb above the resistance price of RM0.90. If this happens, its short-term target price will be RM0.96 followed by RM0.99. Support price is anticipated at RM0.845, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy upon breakout above RM0.90
Target: RM0.96, RM0.99 (time frame: 3-6 weeks) Exit: RM0.845
Source: AmInvest Research - 28 Jan 2020
