RHB Retail Research
Technical Analysis - UOA Development
UOA Development may move higher after it continued holding above the MYR2.32 support. As the stock rose above the 21- day SMA line lately, this indicates a positive sign. A bullish bias may appear above the MYR2.40 level, with an exit set below the MYR2.32 threshold. Towards the upside, the nearterm resistance is at MYR2.50. This is followed by the MYR2.60 level.
Source: RHB Securities Research - 3 Sept 2018
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