Eye on stock: AWC

A FUTILE attempt to penetrate the pretty stiff barrier of 50 sen for two consecutive days several months back, sent AWC Bhd into correction mode, which witnessed prices dropping from a high of 49.5 sen on April 13 – the best level in a decade – to a low of 34 sen in mid-June owing to an apparent profit-taking.

Thereafter, this counter traded mostly range-bound on consolidation, lasting about a month, before the wake of fresh bargain hunting interest emerged to push prices higher.