RHB Investment Research Reports
Trading Stocks - UWC
rhbinvest
Publish date: Thu, 14 Sep 2023, 10:28 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
UWC is set for a technical rebound after breaching above the MYR3.60 resistance on significant trading volume. With the fresh “higher high” bullish pattern above the 21-day SMA line, the bulls are aiming for the MYR4 mark, followed by the next resistance at MYR4.30. A decline below the MYR3.30 support would dent sentiment on the counter and spark a downtrend as it would be trading below the SMA line.
Source: RHB Securities Research - 14 Sept 2023
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