UMW may climb higher after posting a white candle and hitting its highest close in more than three months. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR5.47 level, with an exit set below the MYR5.10 threshold. Towards the upside, the near-term resistance is at MYR6.09. This is followed by the MYR6.50 level.

Source: RHB Securities Research - 12 Dec 2018