RHB Investment Research Reports
Trading Stocks - UUE
rhbinvest
Publish date: Tue, 03 Sep 2024, 09:32 AM
rhbinvest
0 4,149
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
UUE is eyeing a bullish breakout after bouncing off the strong support level. The stock printed a bullish candlestick yesterday, showing that bullish momentum is gaining traction. If it climbs above the MYR0.70 resistance level, a bullish setup will be confirmed. In this scenario, the stock may extend its upside movement towards MYR0.75, followed by MYR0.80. However, a fall below the MYR0.63 support level would resume the correction phase.
Source: RHB Securities Research - 3 Sept 2024
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