RHB Retail Research
Technical Analysis - UEM Sunrise
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UEM Sunrise may move higher after it formed another white candle and breached above the MYR0.95 threshold. This upward momentum is likely to continue, given that it has formed a third consecutive white candle. A bullish bias may emerge above the MYR0.95 level, with an exit set below the MYR0.895 threshold. Towards the upside, the immediate resistance is at MYR1.02. This is followed by the MYR1.09 level.
Source: RHB Securities Research - 10 Aug 2018
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