RHB Investment Research Reports
Trading Stocks - UEM Sunrise
rhbinvest
Publish date: Thu, 03 Aug 2023, 10:40 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
UEM Sunrise is eyeing to resume its rally, after rebounding from the recent pullback and testing the MYR0.51 resistance. If it manages to surpass that level, the stock may climb further towards the MYR0.555 next resistance, followed by the recent high at MYR0.59. However, falling below the MYR0.44 support would indicate a trend reversal towards the downside, as it forms a “lower low” bearish pattern.
Source: RHB Securities Research - 3 Aug 2023
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