AWC crossed the RM0.705 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM0.80. Meanwhile, it may continue moving sideways if it dips back below the RM0.705 mark in the near term. In this case, the immediate support is anticipated at RM0.66, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM0.705

Target: RM0.80 (time frame: 3-6 weeks)

Exit: RM0.66

Source: AmInvest Research - 12 Feb 2019