Rakuten Trade Research Reports
Technical View - UWC Bhd (UWC, 5292)
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Publish date: Fri, 25 Oct 2019, 09:37 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
UWC Bhd (5292)
• UWC closed 6 sen or 3.0% higher to RM2.07 yesterday.
• Share price continues to climb higher with yesterday’s close with share price hitting all-time-high at RM2.09 and remains on a bullish up-cycle trend. • The bullish breakout with strong buying momentum coupled and positive technical indicator signals may see share price charting new highs possibly testing the RM2.20 level.
• From here, resistance levels are expected at RM2.15 (R1) and RM2.30 (R2).
• On The contrary, downside support levels are identified at RM1.65 (S1) and RM1.50 (S2).
Source: Rakuten Research - 25 Oct 2019
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