AmInvest Research Reports

Stocks on Radar - UWC (5292)

AmInvest
Publish date: Wed, 18 Dec 2019, 08:36 AM
AmInvest
0 9,388
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

UWC surged past the resistance level of RM2.84 in the latest session. With the momentum indicator RSI above 60%, the bullish momentum may continue and move towards the target prices of RM3.03 and RM3.10. If it dips below RM2.84, it will move sideways for further consolidation. Meanwhile, the immediate support is anticipated at RM2.70, whereby traders may exit on a breach to avoid the risk of a further consolidation.

Trading Call: Buy on continuation above RM2.84

Target: RM3.03, RM3.10 (time frame: 3-6 weeks)

Exit: RM2.70

Source: AmInvest Research - 18 Dec 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment