RHB Retail Research
Trading Stocks - Uzma
Uzma may rebound further after it tested MYR1.00 support in recent session. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the coming sessions. A positive bias may emerge above the MYR1.00 level, with an exit set below the MYR1.00 threshold. Towards the upside, the immediate resistance is at the MYR1.10 mark. This is followed by the MYR1.17 threshold.
Source: RHB Securities Research - 22 Oct 2019
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