UWC retreated after failing to break above the resistance price of RM1.61. With an RSI level above 50%, its uptrend momentum may resume if it breaks above RM1.61 in upcoming sessions. If this happens, its short-term target price will be RM1.73 followed by RM1.83. Support is anticipated at RM1.51, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM1.61
Target: RM1.73, RM1.83 (time frame: 3-6 weeks)
Exit: RM1.51

Source: AmInvest Research - 3 Oct 2019