RHB Retail Research

Trading Stocks - UWC

rhboskres
Publish date: Fri, 18 Oct 2019, 09:33 AM
rhboskres
0 9,020
RHB Retail Research

UWC may climb higher after forming a long white candle and hitting its new 52-week high. In view that the 21-day SMA line is likely to begin turning upwards, this implies a bullish outlook sentiment. A bullish bias may emerge above the MYR1.71 level, with an exit set below the MYR1.60 threshold. Towards the upside, the immediate resistance is at MYR1.90. This is followed by the MYR2.00 level.

Source: RHB Securities Research - 18 Oct 2019

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment