AmInvest Research Reports
Stock on Radar - AWC
AmInvest
Publish date: Thu, 25 Jul 2024, 09:09 AM
AmInvest
0 9,040
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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)
AWC may trend higher after it surged to a new 52-week high and closed above the RM1.20 resistance 2 weeks ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, additional upside strength may be present in the coming sessions. A bullish bias may emerge above the RM1.20 level with stop-loss set at RM1.08, below the 50-day EMA. Towards the upside, nearterm resistance level is seen at RM1.40, followed by RM1.50.
Entry : RM1.20–1.27
Target : RM1.40, RM1.50
Exit : RM1.08
Source: AmInvest Research - 25 Jul 2024
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