Willowglen MSC continued rising and tested the RM0.49 resistance level. With its 21-day moving average indicator in an uptrend, coupled with a higher high candle stick pattern, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.505 and RM0.52. The downside support is projected at RM0.46. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM0.49

Target: RM0.505, RM0.52 (time frame: 2-4 weeks)

Exit: RM0.46

Source: AmInvest Research - 24 Mar 2021