• Technical BUY with +17.8% potential return
• Last price: RM0.76
• Target price: RM0.84, RM0.895
• Support: RM0.69
• Stop-loss: RM0.685

BUY with a target price of RM0.895 and stop-loss at RM0.685. Yesterday, WEC managed to penetrate the breakout level of RM0.755 and closed higher at RM0.76 with higher trading volume. We expect the stock to continue to move towards the previous high of RM0.845 and our target at RM0.895. This bullish movement is supported by the rising MACD and DMI indicators, which indicate strengthening momentum in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 15 Sept 2017