UWC surged and touched the RM5.97 resistance level. With its RSI indicator moving upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM6.25, followed by RM6.57. The downside support is marked at RM5.58. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM5.97

Target: RM6.25, RM6.57 (time frame: 2-4 weeks)

Exit: RM5.58
 

Source: AmInvest Research - 1 Oct 2021