Rakuten Trade Research Reports
Technical View - UWC Bhd (UWC, 5292)
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Publish date: Thu, 06 Feb 2020, 09:29 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 gained 6.1% or 25 sen to RM4.33 yesterday.
• Recent pullback to a low of RM3.58 is healthy as recent rebound indicates strong buying interest on the stock. We expect the uptrend remains solid and expect it to chart higher towards RM4.38 level.
• As such, resistance levels are expected at RM4.38 (R1) and RM4.80 (R2).
• On the flip side, downside support levels are expected at RM3.54 (S1) and RM3.20 (S2).
Source: Rakuten Research - 6 Feb 2020
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