• Share price closed 3.75% higher at RM0.415 on Friday.
• UEMS has broken out from its rounding bottom with higher volume last Friday and formed a three white soldiers pattern.
• Its share price closed above all key moving averages for the first day since mid of June. Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM0.440 (R1) and RM0.460 (R2).
• On the flipside, support levels are pegged at RM0.400 (S1) and RM0.385 (S2).
Source: Rakuten Research - 18 Oct 2021
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Created by rakutentrade | Aug 23, 2024