PWF – Breakout

PWF CONSOLIDATED Stock Code 7134

PWF has formed a breakout- - pullback- - continuation pattern above the EMA60 level. The MACD Indicator has issued a BUY signal, while the RSI is above 50. Price may rally, targeting the RM1.14- - RM1.17 levels.

Support will be pegged around the RM1.01 level.

source: Malacca Securities Research – 16/08/2017

PWF CONSOLIDATED BERHAD
The Group is principally involved in the manufacture and sale of broiler feeds and in the farming of broiler chicks.