RHB Retail Research
Trading Stocks - UMW Holdings
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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