Rakuten Trade Research Reports

Technical View - United U-Li Corporation Bhd

Publish date: Fri, 19 Apr 2024, 10:32 AM
0 1,884
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

United U-Li Corporation Bhd (ULICORP, 7133)

  • ULICORP may trend higher after breaking out from its two-week bullish flag pattern with a longwhite candle yesterday. In addition to the two consecutive white candles supported by positive technical indicators such as RSI and EMAs, the convergence of the 20-day EMA and 50-day EMA suggests a potential bullish crossover, hence strengthening the near-term bullish momentum.
  • We expect the positive momentum to steer the stock higher and test the next resistance level ofRM1.58 (R1), followed by RM1.70 (R2) in near term.
  • On the downside, stop-loss is set at RM1.31, below 4 Mar’s low.

Source: Rakuten Research - 19 Apr 2024

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