UWC has been trending upwards during its recent sessions. With the momentum indicator RSI above 60%, there is a possibility it will break above the resistance of RM1.54, and move towards a target price of RM1.64 followed by RM1.73. Meanwhile, it may move sideways if it fails to cross the RM1.54 mark in the near term. Support price is anticipated at RM1.45, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.54

Target: RM1.64, RM1.73 (time frame: 3-6 weeks)

Exit: RM1.45

Source: AmInvest Research - 3 Sept 2019