RHB Retail Research
Trading Stocks - UWC
UWC may rebound further after it tested the MYR1.00 support recently. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. An upbeat bias may emerge above the MYR1.30 level, with an exit set below the MYR1.00 mark. Towards the upside, the immediate resistance is at the MYR1.77 level, followed by the MYR2.00 threshold.
Source: RHB Securities Research - 23 Mar 2020
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