UMW Holdings formed a white candle in the latest session as it managed to reverse from its intra-day low of MYR4.37 – which indicates that the bulls may emerge at this level. A bullish bias may arise above this intraday low point with the immediate resistance expected at MYR4.86, followed by MYR5.45. A stop loss can be placed below MYR4.37.
Source: RHB Securities Research - 14 Nov 2018
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Created by rhboskres | Aug 26, 2024