AmInvest Research Reports

Stock on Radar - Wasco

Publish date: Thu, 21 Sep 2023, 09:36 AM
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Wasco may trend higher after it broke above the RM1.02 resistance on Tuesday. The stock also posted 2 white candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up. A bullish bias may emerge above the RM1.00

level, with a stop-loss set at RM0.95, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at

RM1.15, followed by RM1.20.

Entry : RM1.00–1.04

Target : RM1.15, RM1.20

Exit : RM0.95

Source: AmInvest Research - 21 Sept 2023

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