UWC surged past the resistance level of RM3.28 in the latest session. With the momentum indicator RSI above 70%, the bullish momentum may continue and move towards the target prices of RM3.42 and RM3.50. If it dips below RM3.28, it will move sideways for further consolidation. Meanwhile, the immediate support is anticipated at RM3.15, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy on continuation above RM3.28

Target: RM3.42, RM3.50 (time frame: 3-6 weeks) Exit: RM3.15

Source: AmInvest Research - 16 Jan 2020