AFTER peaking out at a 12-year high of 91 sen on July 26 following a massive rally, AWC Bhd
(AWC, Code: 7579) shares retraced moderately to the 73 sen level in a one-month correction process owing to an apparent profit-taking activity.
Thereafter, in the wake of renewed bargain hunting, this stock staged a rebound, but the bulls abandoned the rally near the short-term declining trendline of 85 sen amid worries they could not attract follow-through interest, as trading volumes were missing then.
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