AmInvest Research Reports
Stocks on Radar - UWC (5292)
AmInvest
Publish date: Tue, 03 Mar 2020, 10:05 AM
AmInvest
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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 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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