RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 8 Oct 2021, 7:30 PM


Trading Stocks - UMW Holdings

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UMW Holdings is resuming its uptrend after it broke away from the immediate resistance of MYR3.29 on surging trading volume – forming a long white candlestick. Coupled with a “higher high” bullish pattern, the bullish momentum above that level may propel the stock towards the next resistance of MYR3.50, followed by MYR3.60 – its 52-week high. However, this expectation will be cancelled if it falls below the MYR3.16 support level.

Source: RHB Securities Research - 15 Sept 2021

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Labels: UMW

Related Stocks

Chart Stock Name Last Change Volume 
UMW 3.31 +0.07 (2.16%) 811,600 

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