UEM Sunrise’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle sent the stock close to a 1-month high, which is a positive sign. A bullish bias may appear above the MYR0.675 level, with an exit set below the MYR0.62 threshold. Towards the upside, the near-term resistance is at MYR0.76. This is followed by the MYR0.805 level.

Source: RHB Securities Research - 4 Jan 2019