AWC trade ideas
AWC Target LONGTA
There are two demand area and my target area is the bottom one. Currently price at Break Stop Zone (BSZ) area. Wait for reversal candle or bullish structure form before enter market.
FA
PE : 11.28
DY : 3.57
QR : 4.1M
AR : 11.1M
AWC- Buy on dip with good risk reward ratioAWC- Buy on dip with good risk reward ratio
www.diarisaham.com
Probably a missed opportunity if you're just coming onboardWhen I first started in the stock market, OCNCASH (face masks), AWC (building disinfection or sanitizing) and CCK (fishballs) were on my list for consideration.
Out of the three I only managed to get into AWC in April 2020.
After I disposed off some long term stagnant counters, with some capital freed up I could choose between OCNCASH and AWC. I left CCK out as I believe that the demand for fishballs whether with or without the pandemic would remain constant.
Between OCNCASH and AWC based on the respective share prices in mid of May 2020, OCNCASH seems to be undervalued whereas AWC has hit its fair value. Therefore I have entered OCNCASH this time around.
As far as AWC is concerned, I am planning to let go as soon as the share price hits RM0.60. For those looking to trade in this counter, I believe that the trend is still ongoing however caution is necessary as the market might have been overly optimistic - there isn't too much meat (in business sense) for this counter remaining at this point in time IMHO.
AWC IdeasTechnical
Support RM 0.295, Resistant RM 0.33, next RM 0.40
Financial Facts :
Nett Cash Company, Total Cash Per Share RM 0.323
Dividend Yield 3-8% depend on earning
AWC 7579Unable to breach resistance of ascending triangle, expected to retrace a bit back to support level of 0.875
However still in uptrend, good chance to go long before it continues the bull run.
