RHB Retail Research
Trading Stocks - UWC
UWC may rebound higher after it continued holding above the MYR2.53 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR2.67 level, with an exit set below the MYR2.53 threshold. Towards the upside, the immediate resistance is at the MYR2.94 mark. This is followed by the MYR3.10 level.
Source: RHB Securities Research - 9 Dec 2019
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