Rakuten Trade Research Reports

Technical View - UWC Bhd

rakutentrade
Publish date: Mon, 27 Jun 2022, 11:28 AM
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

UWC Bhd (UWC, 5292)

• Share price closed 8.5% higher at RM3.44 on Friday.

• UWC has formed a White Marubozu last Friday and started to close above both of its MA20 & MA50 signalling potential reversal from its downtrend movement.

• Backed by upticks in its indicators and strong buying momentum, we believe its share price is expected to move higher.

• Resistance levels are identified at RM3.80 (R1) and RM4.14 (R2).

• On the flipside, support levels are pegged at RM3.18 (S1) and RM2.70 (S2).

Source: Rakuten Research - 1 Jul 2022

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

Post a Comment