AmInvest Research Reports

Stocks on Radar - Uzma (7250)

AmInvest
Publish date: Wed, 09 Feb 2022, 09:58 AM
AmInvest
0 9,382
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Uzama rose and tested the RM0.525 resistance level. With its 21-day moving average in an uptrend, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.54, followed by RM0.56. The downside support is marked at RM0.505. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.525

Target: RM0.54, RM0.56 (time frame: 2-4 weeks)

Exit: RM0.505
 

Source: AmInvest Research - 9 Feb 2022

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