RHB Retail Research
Technical Analysis - UMW
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
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
