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
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Created by rhboskres | Aug 26, 2024