RHB Investment Research Reports
Trading Stocks - UEM Sunrise
rhbinvest
Publish date: Tue, 06 Aug 2024, 09:37 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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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
UEM Sunrise is undergoing a strong correction, heading towards the immediate support. The stock kicked off downward movement after it fell below the 21-day SMA line. In the event that it falls below the MYR0.855 support level, it could decline further towards the next support at MYR0.76. On the other hand, if it climbs above the MYR0.94 resistance level, the stock could see a technical rebound towards the next resistance at MYR1.
Source: RHB Securities Research - 6 Aug 2024
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