Uchi Technologies marginally broke away from its minor sideways trading range on firm volume – indicating that chances are high that it is in the process of extending the uptrend. A positive bias is estimated to appear above MYR3.39, with resistance levels pegged at MYR3.55 and MYR3.65. A downside breach of MYR3.33 would cancel this expectation.
Source: RHB Securities Research - 3 Mar 2021
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Created by rhboskres | Aug 26, 2024