Possible for further upside. CWG is potentially extending its current uptrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.375 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.395.
However, failure to hold on to support level of RM0.345 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 23 Feb 2023
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