RHB Retail Research
Trading Stocks - United U-Li Corporation
United U-Li Corp may move higher after it formed a second consecutive white candle. Last Friday’s candle has sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.585 level, with an exit set below the MYR0.52 threshold. Towards the upside, the immediate resistance is at the MYR0.64 mark. This is followed by the MYR0.71 level.
Source: RHB Securities Research - 29 Oct 2019
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