UWC (UWC | 5292)
Last Price: RM2.22 | Technical Call: BUY
Support 1: RM2.20 | Resistance 1: RM2.40 |
Support 2: RM2.00 | Resistance 2: RM2.60 |
Shariah Compliant: Yes | Sector: 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
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Created by AmInvest | Dec 06, 2024