AmInvest Research Reports
Stocks on Radar - UWC (5292)
AmInvest
Publish date: Fri, 25 Jun 2021, 12:23 PM
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 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
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