AmInvest Research Reports
Stock on Radar - Wasco (WASCO)
AmInvest
Publish date: Tue, 14 Jan 2025, 09:39 AM
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Wasco (WASCO | 5142)
Last Price: RM1.25 | Technical Call: BUY
| Support 1: RM1.20 | Resistance 1: RM1.40 |
| Support 2: RM1.13 | Resistance 2: RM1.45 |
| Shariah Compliant: Yes | Sector: Energy |
We expect further upside for Wasco after it recouped the previous session's losses and pushed higher from its RM1.20 low yesterday. With the 20-day and 50-day EMAs having established a bullish crossover a few sessions ago, the stock may gain additional strength in the near term. A bullish bias may emerge above the RM1.20 level with stop-loss set at RM1.11, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.40, followed by RM1.45.
Entry: RM1.20-1.25
Target: RM1.40, RM1.45
Exit: RM1.11
Source: AmInvest Research - 14 Jan 2025
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