RHB Retail Research
Trading Stocks - Uchi Technologies
Uchi Technologies’ latest two sessions – where it charted a positive performance on strong volume – may indicate that the lengthy accumulation phase has ended. The stock could now be ready to extend its rebound, or resume its uptrend. A positive bias may appear above MYR2.65, with resistance points set at MYR2.74 and MYR2.80. A downside breach of MYR2.65 would nullify this expectation.
Source: RHB Securities Research - 27 Nov 2020
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