Uzma may rise higher after it formed a long white candle and cracked above RM0.65 resistance two sessions ago. As the stock also surged to a new 52-week high and coupled with its rising EMAs, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.65 level, with a stop-loss set at RM0.58, below the 10 Feb low. Towards the upside, the near-term resistance level is seen at RM0.72, followed by RM0.76.

Entry : RM0.65–0.67

Target : RM0.72, RM0.76

Exit : RM0.58

Source: AmInvest Research - 23 Feb 2023