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AWC Technicals Confirmed + Upcoming Acquisition

Malicesia Real Shithole
Publish date: Wed, 19 Sep 2018, 05:47 PM
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Technicals Confirmed + Upcoming Acquisition

If you guys have been following my post lately, 

I have analysed this stock using TA and it shows extremely bullish move in the coming days or week. 

MACD Golden Cross has been officiaily established, for the next few days or weeks there's going to be strong uptrend for this stock. 

OBV and Stochastics all looking good, poised for strong uptrend and higher price.

200 Days SMA crossed as of today's closing price. 

Adding to the strong Technicals is the upcoming EGM on proposed acquisition of Trackwork Sdn Bhd which happens on the 25th of September 2018. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5908605

I suspect that on the day of 25th trading for this counter will be suspended. So, there is very high possibility of AWC gapping up on the next trading day on 27/09/2018. 

Due to the upcoming acquisition news, I have increased my Price Target to 0.985 cents for AWC Berhad!

 

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