Uchi Technologies is attempting to resume its upward movement after it tested the immediate resistance on higher volume. If it manages to move past the MYR3.21 immediate resistance level, the bullish momentum may emerge to lift it towards the next resistance of MYR3.35, followed by MYR3.50. Conversely, if the stock falls below the MYR3.14 support level, the anticipation would be nullified.
Source: RHB Securities Research - 21 Jun 2021
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Created by rhboskres | Aug 26, 2024