RHB Investment Research Reports
Trading Stocks - UEM Sunrise
rhbinvest
Publish date: Fri, 29 Mar 2024, 10:08 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 set for an uptrend continuation after breaching above the MYR1.18 immediate resistance on stronger trading volume. Riding above the rising 21-day SMA line, the stock is likely to climb higher towards MYR1.32, ie the 7-year high, followed by the MYR1.65 next resistance. However, a fall below MYR1.13 invalidates the bullish bias.
Source: RHB Securities Research - 29 Mar 2024
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