KUALA LUMPUR: Shares of DWL Resources Bhd jumped 15% in early trade Tuesday after a technical buy call by PublicInvest Research.
The engineering solutions provider added 15%, or 4.5 sen to 34.5 sen, its highest since end-February, with 4.93 million shares traded. DWL-WA added 11.11%, or one sen to 10 sen with 1.69 million shares done.
PublicInvest said DWL’s first support level was at 27 sen while the second support level was at 23 sen. The third support level is at 17 sen.
Should the resistance level of 34 sen be broken, it may continue to lift price higher to subsequent resistance levels of 40 sen and 47 sen.
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