RHB Retail Research
Trading Stocks - Ucrest
Ucrest has likely completed its multi-week accumulation phase as it extended its rebound off the 21-day SMA line and pushed through above the MYR0.155 resistance on strong volume. A positive bias may appear above this threshold, with resistance levels set at MYR0.17 and MYR0.18. A downside breach of MYR0.15 would nullify this positive thesis.
Source: RHB Securities Research - 10 Nov 2020
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