RHB Retail Research

Trading Stocks - UWC

rhboskres
Publish date: Fri, 01 Nov 2019, 04:43 PM
rhboskres
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RHB Retail Research

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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