RHB Investment Research Reports
Trading Stocks - UEM Sunrise
rhbinvest
Publish date: Tue, 26 Dec 2023, 11:39 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
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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
UEM Sunrise is currently consolidating laterally above the 21- day SMA line – it showed interest in surpassing the MYR0.85 immediate resistance on Friday. If a breakout above that level occurs, the stock will likely advance towards the MYR0.89 resistance, followed by the next resistance at MYR0.945, or the 52-week high. Conversely, a drop below the MYR0.77 support would invalidate the bullish setup.
Source: RHB Securities Research - 26 Dec 2023
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