RHB Retail Research
Trading Stocks - UWC
UWC was testing the MYR1.85 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR2.18, followed by MYR2.44. The stock may take a breather if it cannot decisively breach above the MYR1.85 mark in the coming sessions. Support may be found at MYR1.48, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 1 Apr 2020
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