RHB Retail Research
Trading Stocks - United U-L Corporation
United U-LI tested the immediate resistance level with higher trading volume. With its pattern of higher highs and lows, the stock is poised to challenge the immediate resistance level of MYR0.89. If it does leap above the resistance, we expect it to climb higher and test the next hurdle at MYR0.93, followed by MYR0.98. This positive expectation should remain valid, provided the MYR0.80 support is not breached.
Source: RHB Securities Research - 8 Dec 2020
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