AWC broke the RM0.825 level and the 21-day SMA line during its latest session. With a neutral RSI level, it may move higher above this mark with a target price of RM0.885, followed by RM0.93. Meanwhile, it may drift sideways if it falls back below the RM0.825 mark in the near term. In this case, support is anticipated at RM0.77, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.825

Target: RM0.885, RM0.93 (time frame: 3-6 weeks)

Exit: RM0.77

Source: AmInvest Research - 16 Nov 2018