RHB Retail Research
Trading Stocks - Uchi Technologies
Uchi Technologies was testing the MYR2.53 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR2.67, followed by MYR2.78. The stock may take a breather if it cannot breach above the MYR2.53 mark in the near term. Support may be found at MYR2.36, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 14 May 2020
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