Willowglen MSC surged past the resistance price of RM0.525 in its latest session with higher trading volume. With the momentum indicator RSI above 70%, the short-term momentum could reach a target price of RM0.57, followed by RM0.59. If it dips below RM0.525, it will move sideways and consolidate. Support is anticipated at RM0.49 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM0.525

Target: RM0.57, RM0.59 (time frame: 3-6 weeks)

Exit: RM0.49

Source: AmInvest Research - 17 Dec 2019