Rakuten Trade Research Reports
Technical View - Uzma Bhd (UZMA, 7250)
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Publish date: Fri, 17 Apr 2020, 09:55 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
Uzma Bhd (7250)
• 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
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