United U-LI Corporation Bhd (ULICORP, 7133)

• Share price closed 4.90% higher at RM1.50 on last Friday.

• ULICORP has rebounded from its 52-week low of RM0.925 since Jul-23 and reached its 52-week highof RM1.60 at Sept-23. It attempted to break its current level with high buying volume last Friday. Fundamentally, it provides cable support system products widely used in buildings and infrastructure. It is currently trending above all of its MA lines hence share price is expected to propel higher.

• Resistance levels are identified at RM1.55 (R1) and RM1.60 (R2).

• On the flipside, support levels are pegged at RM1.42 (S1) and RM1.40 (S2).

Source: Rakuten Research - 9 Oct 2023

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

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