RHB Retail Research
Trading Stocks - UWC
UWC may rise higher after posting a long white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR2.09 level, with an exit set below the MYR1.92 threshold. Towards the upside, the immediate resistance is at MYR2.20. This is followed by the MYR2.30 level.
Source: RHB Securities Research - 1 Nov 2019
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
