Uzma Bhd (UZMA, 7250)

• Share closed 4.10% higher at RM0.635 on Monday.

• UZMA share price gapped up yesterday with high buying interest. It has been trading above its key moving average lines for the past 2 months, indicating the share price uptrend is intact. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.65 (R1) and RM0.67 (R2).

• On the flipside, support levels are pegged at RM0.59 (S1) and RM0.58 (S2).

Source: Rakuten Research - 14 Feb 2023

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