RHB Investment Research Reports
Trading Stocks - Uzma
rhbinvest
Publish date: Wed, 30 Aug 2023, 09:16 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
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Jalan Tun Razak
Kuala Lumpur
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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
Uzma is on track to print a fresh 52-week high as it broke above the MYR0.77 level, on surging trading volume. Coupled with a “higher high” bullish pattern, the momentum is expected to propel the stock towards the MYR0.90 resistance, followed by the MYR1 mark. However, falling below the MYR0.71 support would indicate a downtrend, forming a “lower low” bearish pattern while trading below the 21-day SMA line.
Source: RHB Securities Research - 30 Aug 2023
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