Rakuten Trade Research Reports
Technical View - UWC Bhd (UWC, 5292)
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Publish date: Fri, 23 Aug 2019, 11:28 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
UWC Bhd (5292)
- UWC advanced 9.6% or 13 sen to close at RM1.49 yesterday.
- UWC has seen a trend reversal after hitting a low of RM1.20 and has been moving higher coupled with yesterday’s bullish long white candle.
- With the improving technical indicators, we expect share price to re-test its all-time high at RM1.53 and bringing it to uncharted high with the bullish run.
- As such, support levels are identified at RM1.30 (S1) and RM1.16 (S2).
Source: Rakuten Research - 23 Aug 2019
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