RHB Retail Research
Trading Stocks - UWC
UWC may rise higher after forming a white candle and hitting its new 52-week high. In view that the 21-day SMA line is likely to begin turning upwards, this implies a bullish outlook. A positive bias may emerge above the MYR2.90 level, with an exit set below the MYR2.70 threshold. Towards the upside, the immediate resistance is at MYR3.30. This is followed by the MYR3.50 level
Source: RHB Securities Research - 24 Dec 2019
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