Rakuten Trade Research Reports

Technical View - Uzma Bhd

rakutentrade
Publish date: Mon, 09 May 2022, 05:05 PM
rakutentrade
0 2,152
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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 (UZMA, 7250)

• Share price closed 4.2% higher at RM0.495 on Friday.

• UZMA has broken out from its consolidation phase with higher volume last Friday. Since then, its share price is also trading above its MA20 & MA50. It has also started to form a positive histogram in its MACD indicator.

• Coupled with upticks in its indicators, its share price is expected to move higher if buying momentum persist.

• Resistance levels are identified at RM0.555 (R1) and RM0.640 (R2).

• On the flipside, support levels are pegged at RM0.480 (S1) and RM0.450 (S2).

Source: Rakuten Research - 9 May 2022

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment