UWC

Sector: Technology / Precision Component

Analyzed on 15/8/2021

Recap of our previous analysis, UWC has broken its resistance of RM5.60 level and advanced to RM6 recently. This week wasn’t favourable for technology sector companies as most have retraced but still being supported at support level. Same applies to UWC. UWC candlestick on Friday is a pin bar, after being supported by its EMA50 and closed at RM5.65. Unless any further political instability or country lockdown, we believe UWC will be supported and unlikely to turn into a bearish trend soon.    

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NOTT INVEST 

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