AWANTEC-WA - ready to rebound?In H1, we observed a hammer candlestick pattern on support. Next move is possibly to test resistance at 0.500 and 0.530 (to close gap). RSI is oversold with Stochastic signals for rebound.
EP 0.420
TP 0.500 (+10%), 0.530 (+26%)
SL 0.375 (-10%)
The setup is invalidated if price close below 0.400.
Sentimen: MOU with Huawei to promote products to Government and GLCs in Malaysia, Bullish NASDAQ.
TAYOR
