Uchi Technologies’ buying interest is back after it broke out of the 3-week bullish flag pattern with another white candle yesterday. The stock also posted three white candles in a row and coupled with its rising EMAs, likely suggesting that upward momentum is picking up right now. A bullish bias may emerge above the RM3.25 level, with a stop-loss set at RM3.13, below the 50-day EMA. Towards the upside, the near-term resistance level is seen at RM3.50, followed by RM3.70.

Entry : RM3.25–3.31

Target : RM3.50, RM3.70

Exit : RM3.13

Source: AmInvest Research - 20 Sept 2022