RHB Retail Research
Trading Stocks - UEM Sunrise
UEM Sunrise was testing the MYR0.795 threshold in its latest session. A bullish bias may be present above this point, with a target price of MYR0.84, followed by MYR0.88. The stock may take a breather if it cannot breach above the MYR0.795 threshold in the coming sessions. Support may be found at MYR0.725, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 14 Nov 2019
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