RHB Retail Research
Trading Stocks - UOA Development
UOA Development may climb higher after it formed a long white candle and breached above the MYR2.20 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR2.20 level, with an exit set below the MYR2.10 threshold. Towards the upside, the immediate resistance is at MYR2.44. This is followed by the MYR2.55 level.
Source: RHB Securities Research - 22 Jan 2019
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