AmInvest Research Reports

Stock on Radar - UWC (UWC)

AmInvest
Publish date: Tue, 29 Oct 2024, 02:15 PM
AmInvest
0 9,429
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)

UWC (UWC | 5292)

Last Price: RM2.22 | Technical Call: BUY

Technical chart: UWC

Support 1: RM2.20Resistance 1: RM2.40
Support 2: RM2.00Resistance 2: RM2.60
Shariah Compliant: YesSector: Technology

UWC's buying interest is back after it broke out of the 1-week bullish flag pattern with another positive candle yesterday. The stock's move above the RM2.20 resistance coupled with its rising 20-day EMA, indicates that the near term bullish trend may persist. A bullish bias may emerge above the RM2.20 level with stop-loss set at RM1.98, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM2.40, followed by RM2.60.

Entry: RM2.20-2.22

Target: RM2.40, RM2.60

Exit: RM1.98

 

Source: AmInvest Research - 29 Oct 2024

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

Post a Comment