Possible for further upside. Remaining above its key support level amid market weakness, AWC is potentially staging a rebound to pick up from its prior uptrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.620 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.660.
However, failure to hold on to support level of RM0.580 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 19 Nov 2021
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Created by PublicInvest | Dec 12, 2024