RHB Retail Research

Trading Stocks - UWC

rhboskres
Publish date: Tue, 03 Mar 2020, 09:55 AM
rhboskres
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RHB Retail Research

UWC’s upside move may persist after it continued holding above the rising 50-day SMA line. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A positive bias may emerge above the MYR2.60 level, with an exit set below the MYR2.43 point. Towards the upside, the immediate resistance is at the MYR3.09 level, followed by the MYR3.39 threshold.

Source: RHB Securities Research - 3 Mar 2020

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