AmInvest Research Reports

Stock on Radar - UUE Holdings (UUE)

AmInvest
Publish date: Mon, 21 Oct 2024, 10:08 AM
AmInvest
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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

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