UZMA may extend its uptrend after breaking past the MYR0.70 resistance on strong volume. Since crossing above the 21-day SMA line, the stock has been charting a series of “higher highs” with “higher lows”, showing that a strong momentum is underway. If the bullish momentum follows through, the stock should scale towards MYR0.78, followed by MYR0.85. Towards the downside, breaching below the MYR0.65 support would negate the bullish setup.

Source: RHB Securities Research - 27 Feb 2023