RHB Retail Research
Trading Stocks - UWC
UWC may trend higher after it formed another white candle and breached above the MYR1.62 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR1.62 level, with an exit set below the MYR1.50 threshold. Towards the upside, the immediate resistance is at the MYR1.70 level. This is followed by the MYR1.80 mark
Source: RHB Securities Research - 8 Oct 2019
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