AmInvest Research Reports

Stocks on Radar - WCE Holdings (3565)

AmInvest
Publish date: Fri, 24 Jan 2020, 03:38 PM
AmInvest
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WCE Holdings has been consolidating sideways, with an immediate resistance price of RM0.385. With an RSI above 50%, it may break the resistance level and moves towards short-term target price RM0.415 and RM0.43. Meanwhile, it may lose its bullish momentum if it fails to break the resistance soon. The support is anticipated at RM0.355, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.385

Target: RM0.415, RM0.43 (time frame: 3-6 weeks)

Exit: RM0.355

Source: AmInvest Research - 24 Jan 2020

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