RHB Retail Research
Trading Stocks - Uchi Technologies
Uchi Technologies tested the MYR2.47 support level for the second consecutive session before it rebounded and marginally crossed above the 200-day SMA line. This implies its multimonth correction phase may have reached an interim low. A positive bias may appear above MYR2.50 with resistance levels expected at MYR2.60 and MYR2.68. A downside breach of MYR2.50 would cancel this expectation.
Source: RHB Securities Research - 13 Jan 2021
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