RHB Retail Research
Trading Stocks - UEM Edgenta
UEM Edgenta was testing the MYR2.37 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR2.60, followed by MYR2.80. The stock may take a breather if it cannot breach above the MYR2.37 mark in the coming sessions. Support may be found at MYR2.15, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 2 Apr 2020
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