AmInvest Research Reports

Stock on Radar - AWC (AWC)

AmInvest
Publish date: Thu, 23 Jan 2025, 09:49 AM
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AWC (AWC | 7579)

Last Price: RM1.06 | Technical Call: BUY

Technical chart: AWC

 

Support 1: RM1.00Resistance 1: RM1.20
Support 2: RM0.93Resistance 2: RM1.30
Shariah Compliant: YesSector: Industrial

 

AWC may trend higher after it formed a long positive candle and closed above the RM0.97 resistance yesterday. As the 20-day and 50-day EMAs have confirmed their bullish crossover a week ago, the stock looks positive in the near term. A bullish bias may emerge above the RM1.00 level with stop-loss set at RM0.92, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.20, followed by RM1.30.

Entry: RM1.00-1.06

Target: RM1.20, RM1.30

Exit: RM0.92

 

Source: AmInvest Research - 23 Jan 2025

AWC (7579)
Related Stocks
ChartStockLastChangeVolume
AWC 0.56 -0.005 (0.88%) 450,800
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