UEM Edgenta may move higher after it continued holding above the MYR2.45 support. As the stock marked a higher close vis-à-vis the previous sessions since 4 Dec, this indicates a positive sign. A bullish bias may appear above the MYR2.60 level, with an exit set below the MYR2.45 threshold. Towards the upside, the near-term resistance is at MYR2.80. This is followed by the MYR2.90 level.

Source: RHB Securities Research - 7 Dec 2018