RHB Retail Research
Trading Stocks - Uzma
Uzma is staging a technical rebound after it found support near the oversold level. A bullish bias emerged after it broke past the resistance of MYR0.715. If it sustains above this resistance-turn-support level of MYR0.715, the rebound may extend towards the next resistance at MYR0.78, followed by MYR0.84. On the flip side, if the support level of MYR0.68 is breached, this expectation would be nullified.
Source: RHB Securities Research - 15 Apr 2021
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