AmInvest Research Reports

Stock on Radar - UUE Holdings (UUE)

AmInvest
Publish date: Mon, 21 Oct 2024, 10:08 AM
AmInvest
0 9,309
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

UUE Holdings (UUE | 0310)

Last Price: RM0.795 | Technical Call: BUY

Technical chart: UUE

Support 1: RM0.76Resistance 1: RM0.90
Support 2: RM0.69Resistance 2: RM0.95
Shariah Compliant: YesSector: Construction

UUE Holdings may rise higher after it gapped up and posted a long positive candle on Friday. Given that the stock has broken out of the 1-week bullish flag pattern and is supported by its rising EMAs, it may experience additional strength in the near term.

A bullish bias may emerge above the RM0.76 level with stop-loss set at RM0.68, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.95.

Entry: RM0.76-0.795

Target: RM0.90, RM0.95

Exit: RM0.68

 

Source: AmInvest Research - 21 Oct 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment