AmInvest Research Reports

Stocks on Radar - UWC (5292)

AmInvest
Publish date: Tue, 03 Mar 2020, 09:03 AM
AmInvest
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UWC sprang above the RM2.72 level with higher trading volume. The RSI indicator has dropped below 30%, indicating that it may ripe for a technical rebound towards the short-term target prices of RM2.90 and RM3.05. The downside support is anticipated at RM2.45, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy near RM2.72

Target: RM2.90, RM3.05 (time frame: 3-6 weeks)

Exit: RM2.45

Source: AmInvest Research - 3 Mar 2020

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