RHB Investment Research Reports

Trading Stocks - UmediC Group

rhbinvest
Publish date: Mon, 29 Aug 2022, 08:37 AM
rhbinvest
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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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