RHB Retail Research
Trading Stocks - UWC
UWC formed a long white candle, indicating that the momentum of buying could be strong. As the stock has recovered above the MYR2 threshold, the positive sentiment has been enhanced. An upbeat bias may emerge above the MYR2.00 level, with an exit set below the MYR1.80 mark. Towards the upside, the immediate resistance is at the MYR2.44 level, followed by the MYR2.80 threshold.
Source: RHB Securities Research - 7 Apr 2020
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