RHB Retail Research
Technical Analysis - Ucrest
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Ucrest may trend higher after it formed a long white candle and breached above the MYR0.37 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may appear above the MYR0.37 level, with an exit set below the MYR0.30 threshold. Towards the upside, the near-term resistance is at MYR0.455. This is followed by the MYR0.51 level.
Source: RHB Securities Research - 23 Jul 2018
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