RHB Retail Research
Trading Stocks - UOA Development
UOA Development is experiencing strong upward momentum after it gapped up and breached the immediate resistance of MYR1.84. With this, a “higher high” price pattern has formed above the 21-day SMA line. Underpinning the bullish momentum, the stock may climb towards the next resistance at MYR1.92, then MYR2.00. If it falls below the MYR1.80 support, the stock may move downwards.
Source: RHB Securities Research - 10 Jun 2021
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