RHB Retail Research
Trading Stocks - AWC
AWC is signalling an uptrend reversal as it bounced upwards following the recent hammer candlestick, ie a bullish reversal pattern. If it manages to breach above the immediate resistance of MYR0.59, the bulls may continue pushing on towards the MYR0.63 resistance, followed by MYR0.705. This expectation will be reversed if it falls below the support level of MYR0.54 –a recent breakout level.
Source: RHB Securities Research - 15 Nov 2021
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