United U-LI Corporation Bhd (ULICORP, 7133)
• Share price closed 3.7% higher at RM1.40 on Wednesday.
• ULICORP has formed a bullish engulfing candlestick ahead of its ex-dividend date and closed above all its key moving averages recently.
• Coupled with its bullish signal in MACD and upticks in its indicators, its share price is poised to move higher.
• Resistance levels are identified at RM1.46 (R1) and RM1.58 (R2).
• On the flipside, support levels are pegged at RM1.32 (S1) and RM1.25 (S2).
Source: Rakuten Research - 7 Apr 2022
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Created by rakutentrade | Aug 23, 2024