RHB Retail Research
Trading Stocks - UWC
UWC may rebound higher after it continued holding above the MYR2.53 support. As the stock has formed a “Hammer” pattern on 22 Nov, this indicates a potential rebound. A positive bias may emerge above the MYR2.64 level, with an exit set below the MYR2.53 threshold. Towards the upside, the immediate resistance is at the MYR2.94 level, followed by the MYR3.20 threshold.
Source: RHB Securities Research - 27 Nov 2019
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