RHB Retail Research
Trading Stocks - UWC
UWC was testing the MYR2.92 level in its latest session. A bullish bias may be present above this point, with a target price of MYR3.10, followed by MYR3.30. The stock may consolidate further if it cannot breach above the MYR2.92 mark in the coming sessions. Support may be found at MYR2.70, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 18 Dec 2019
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