RHB Retail Research
Technical Analysis - Uchi Technologies
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Uchi Technologies was testing the MYR3.05 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.33, followed by MYR3.57. The stock may take a breather if it cannot breach above the MYR3.05 threshold in the near term. Support may be found at MYR2.70, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 18 Jul 2018
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