UWC surged past the resistance level of RM3.00 with higher trading volume. With an RSI level above 70%, it may continue to climb towards its short-term target price of RM3.30 followed by RM3.40. If it closes below RM3.00, expect a sideway movement. Support is anticipated at RM2.85, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM3.00
Target: RM3.30, RM3.40 (time frame: 3-6 weeks)
Exit: RM2.85

Source: AmInvest Research - 11 Feb 2020