AWC may rebound further after it tested MYR0.64 support in recent sessions. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.69 level, with an exit set below the MYR0.64 threshold. Towards the upside, the immediate resistance is at the MYR0.745 level. This is followed by the MYR0.785 level.
Source: RHB Securities Research - 21 Aug 2019
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Created by rhboskres | Aug 26, 2024