Rakuten Trade Research Reports

Technical View - Umedic Group Bhd

Publish date: Tue, 08 Aug 2023, 09:05 AM
0 1,769
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

Umedic Group Bhd

  • Share price closed 1.44% higher at RM0.705 on Monday.
  • UMC has been on a downward sloping trend since reaching its YTD-high of RM0.90 in mid-Apr, with a support level found at RM0.69. Share price has broken out three times with strong buying momentum over the past week before settling at current level. Fundamentally, MOH’s RM36.33bn allocation for 2023 (+12%) from 2022 is anticipated to benefit the healthcare players. Coupled with bullish MACD crossover, share price is expected to propel higher.
  • Resistance level are identified at RM0.71 (R1) and RM0.735 (R2).
  • On the flipside, support levels are pegged at RM0.69 (S1) and RM0.675 (S2).

Source: Rakuten Research - 8 Aug 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo

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

Post a Comment