Uzma Bhd

• We believe that buying interest for UZMA may have returned following a breakout from the 3-month triangle pattern with a long white candle last Friday. In view of the 20-day and 50-day EMAs are converging and likely to confirm its bullish crossover soon, it may see additional strength in the coming sessions.

• We expect the rising momentum is set to steer the stock higher and test the next level of resistance of RM0.87 (R1) and RM0.90 (R2) in the near term.

• On the downside, stop-loss is set at RM0.71.

Source: Rakuten Research - 8 Jan 2024

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

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