RHB Retail Research
Trading Stocks - UEM Sunrise
UEM Sunrise may rebound higher after it continued holding above the MYR0.755 support. Yesterday’s candle has sent the stock to its highest close in more than four months, indicating a positive sign. A bullish bias may appear above the MYR0.80 level, with an exit set below the MYR0.755 threshold. Towards the upside, the near-term resistance is at MYR0.865. This is followed by the MYR0.90 level.
Source: RHB Securities Research - 19 Feb 2019
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