Wasco may trend higher after it broke above the RM1.02 resistance on Tuesday. The stock also posted 2 white candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up. A bullish bias may emerge above the RM1.00
level, with a stop-loss set at RM0.95, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at
RM1.15, followed by RM1.20.
Entry : RM1.00–1.04
Target : RM1.15, RM1.20
Exit : RM0.95
Source: AmInvest Research - 21 Sept 2023
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