UmediC Group is eyeing a bullish breakout, after testing the immediate resistance level of MYR0.56. The stock charted a “higher high” bullish candlestick, showing that momentum is picking up pace. If a breakout happens, it should climb towards MYR0.59, followed by MYR0.625. On the downside, a fall below the MYR0.515 support level would indicate that a bearish bias has emerged.
Source: RHB Securities Research - 29 Aug 2022
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Created by rhbinvest | Apr 25, 2024