RHB Retail Research
Trading Stocks - Uchi Technologies
Uchi Technologies continued to extend its rebound off the 21-day SMA line – suggesting that its 1-week correction phase has likely completed and the stock is in the process of extending its upward move. A positive bias may appear above MYR2.65 with resistance levels pegged at MYR2.80 and MYR2.90. A downside breach of MYR2.65 would cancel this trading setup.
Source: RHB Securities Research - 29 Jan 2021
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