Rakuten Trade Research Reports
Technical View - AWC Bhd
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Publish date: Thu, 25 Mar 2021, 04:37 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
AWC Bhd (AWC, 7579)
• AWC rose 3.9% or 2.5 sen to RM0.665 yesterday.
• After forming a healthy pull back from high of RM0.745 of late, yesterday’s move suggest share price may have found its support and re-emergence of buying interest. Coupled with upticks seen in buying momentum as displays in technical indicators, the rebound is likely to be extended.
• As such, resistance levels are identified at RM0.745 (R1) and RM0.800 (R2).
• Conversely, support levels are seen at RM0.630 (S1) and RM0.615 (S2).
Source: Rakuten Research - 25 Mar 2021
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