UWC broke past the resistance price of RM1.36 in its lastest session after taking a breather last week. It may continue to climb higher towards short-term target prices of RM1.44 and RM1.53. Meanwhile, it may move sideways if it dips back below RM1.36 in the near term. In this case, support price is anticipated at RM1.25, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM1.36

Target: RM1.44, RM1.53 (time frame: 3-6 weeks) Exit: RM1.25

Source: AmInvest Research - 1 Aug 2019