RHB Retail Research
Trading Stocks - UWC
UWC may rebound further after it tested the MYR1.97 support recently. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. An upbeat bias may emerge above the MYR2.16 level, with an exit set below the MYR1.97 mark. Towards the upside, the immediate resistance is at the MYR2.44 level, followed by the MYR2.60 threshold.
Source: RHB Securities Research - 30 Apr 2020
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