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AmInvest Research Reports

Author: AmInvest   |   Latest post: Fri, 6 Dec 2019, 5:27 PM

 

Stocks on Radar - AWC (7579)

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AWC has bounced off the oversold level and is now testing the immediate resistance level of RM0.745. As the momentum indicator RSI has swung above 50%, there is a possibilibity it will break the immediate resistance and move towards the target levels of RM0.765 and RM0.805. On the downside, support level is anticipated at its recent low of RM0.705 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.745

Target: RM0.765, RM0.805 (time frame: 3-6 weeks)

Exit: RM0.705

Source: AmInvest Research - 14 Jun 2019

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Labels: AWC

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Chart Stock Name Last Change Volume 
AWC 0.62 0.00 (0.00%)

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