RHB Investment Research Reports

Trading Stocks - UEM Sunrise

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Publish date: Tue, 06 Aug 2024, 09:37 AM
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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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