Rakuten Trade Research Reports
Technical View - UCHI Technologies Bhd
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Publish date: Wed, 03 Feb 2021, 06:24 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
UCHI Technologies Bhd (7100)
• UCHITEC rose 4.1% or 11 sen to RM2.80 yesterday.
• Share price formed a positive breakout yesterday on the back of higher trading volume following a period of consolidation phase. Meanwhile, the upward strength remains intact with the share price trading above all moving average lines and should the buying momentum persist, share price may move higher.
• As such, resistance levels are projected at RM2.94 (R1) and further to RM3.07 (R2).
• On the downside, support levels are set at RM2.62 (S1) and RM2.45 (S2).
Source: Rakuten Research - 3 Feb 2021
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