Rakuten Trade Research Reports
Technical View - UWC Bhd (UWC, 5292)
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Publish date: Tue, 24 Dec 2019, 03:57 PM
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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 11 sen or 3.8% higher to RM2.98 yesterday.
• Chart-wise, share price has been on bullish trend since listing and yesterday’s breakout saw it reach intra-day high of RM3.00. The upcycle trend remains intact and expect follow through buying momentum to continue and head towards the RM3.30 level.
• As such, resistance levels are expected at RM3.00 (R1) and further to RM3.20 (R2).
• On the flipside, downside support levels can be seen at RM2.75 (S1) and RM2.50 (S2).
Source: Rakuten Research - 24 Dec 2019
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