AWC is listed in BursaMalaysia. The chartnexus chart of AWC (stock code 7579) shows obvious downtrend. On 18 July 2018 its closing price is 65.5 sen,
There is a divergence between price (down) and MACB (up) . Divergence usually suggests that its price decline may come to an end and reversal of trend will soon kick in albeit not immediately but imminent.
CIMB Research on 25 June 2018 put a target price of RM1.00. On 19 June 2108 AWC hit the lowest price of RM0.60 .and thereafter traded above this lowest price, showing some support currently.
Is this a good opportunity to accumulate? You decide.
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