AmInvest Research Reports

Stocks on Radar - AWC (7579)

AmInvest
Publish date: Fri, 05 Apr 2019, 11:15 PM
AmInvest
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AWC was testing the RM0.79 resistance level in its latest session. As the RSI trends higher, the upside target price will be RM0.83, followed by RM0.865. Meanwhile, it may lose its upside momentum if it dips back below the RM0.79 mark in the near term. In this case, support is anticipated at RM0.755, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on favourable consolidation above RM0.79

Target: RM0.83, RM0.865 (time frame: 3-6 weeks)

Exit: RM0.755

Source: AmInvest Research - 5 Apr 2019

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