UWC pulled back and touched the RM5.16 support level. With its sustainable trading volume, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM5.36, followed by RM5.50. The downside support is marked at RM5.00. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy near RM5.16
Target: RM5.36, RM5.50 (time frame: 2-4 weeks)
Exit: RM5.00
Source: AmInvest Research - 25 Jun 2021
Chart | Stock Name | Last | Change | Volume |
---|