As we slither into the Year of the Snake, one of the stocks we think that has good potential for 2025 is AWC BERHAD (AWC). The stock recently broke out of its recent consolidation range and is poised to go higher. 

TECHNICAL PICTURE

After making a new all-time-high of RM1.37 in Jul 2024, AWC started declining in tandem with the general market. It made a significant low of RM0.805 on 1 November 2024. From this low, the stock found some good buying interest but the upside was cap at RM0.925 for the last 2 months of 2024 setting the sideways trading band between RM0.805 and RM0.925. However, a technical breakout from the recent range was observed on 22 Jan 2025 with increased volume. This is significant as the move not only broke the recent RM0.925 resistance but the following retracement has met buying interest near the RM0.97 level.

So, where are the next resistance levels to aim for? Chart-wise, RM1.20 would be the first target of the current move followed by the all-time-high level of RM1.37, which we expect to be tested.

CONCLUSION

AWC is a stock that we believe will do very well in 2025 and beyond. With good fundamental drivers like the Middle East projects and increased adoption of its patented Automated Waste Collection Systems, both locally as well as regionally, the prospects look good for the company.

Disclaimer: This blog is created for sharing of trading ideas only. It is not in any way or form meant to be an inducement or recommendation to buy or sell any stocks. Consult your financial consultant before making any financial investments.