• UZMA closed 3.5% or 2 sen higher to RM0.60 yesterday.
• Yesterday’s move indicates renewed buying interest after the consolidation. Supported by the encouraging key technical indicators, we expect share price to move higher.
• From here, resistance levels are identified at RM0.630 (R1) and further to RM0.725 (R2)
• Conversely, support levels are expected at RM0.505 (S1) and RM0.310 (S2).
Source: Rakuten Research - 17 Apr 2020
Chart | Stock Name | Last | Change | Volume |
---|
Created by rakutentrade | Aug 23, 2024