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