RHB Retail Research

Trading Stocks - UMW Holdings

rhboskres
Publish date: Thu, 30 Jul 2020, 06:44 PM
rhboskres
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RHB Retail Research

UMW Holdings extended its rebound for the second consecutive session following the prior session’s “Bullish Engulfing” price reversal formation. A positive bias may emerge above MYR2.48 with resistances pegged at MYR2.63 followed by MYR2.75. A stop-loss below MYR2.48 is recommended.

Source: RHB Securities Research - 30 July 2020

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