UWC

Sector: Technology

Analyzed on: 25/07/21

Follow up from our previous analysis, UWC has managed to rebound strongly from its EMA25 amid the strong rally in the semiconductor sector last week. UWC broke its resistance level and close at RM5.76 with good trading volume. Its resistance level has now turned to be its immediate support. Note that EMA25/50 golden cross may occur if the share price continues its rally.

UWC has broken out from its mid term downtrend (red resistance line), we are optimistic of it to trade at higher price given its good and improving quarterly earnings.

Reason to Monitor: Breakout from resistance
 

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