RHB Investment Research Reports
Trading Stocks - UWC
rhbinvest
Publish date: Wed, 18 Dec 2024, 09:35 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
UWC is eyeing to extend the bullish trajectory after breaking past the resistance. The counter has closed above the MYR2.80 resistance with a white candlestick – confirming the technical setup is bullish. After the breakout, we expect a follow-through price action to test the MYR3 mark,followed by higher resistance at the MYR3.30 level. On the flipside, falling below the MYR2.64 support invalidates the bullish setup and opens the door for a correction phase.
Source: RHB Securities Research - 18 Dec 2024
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