RHB Retail Research
Trading Stocks - UWC
UWC is testing the resistance with improved volume as it seeks a technical breakout. If it breaks above the MYR5.52 threshold, the bullish momentum may gain pace to climb towards the next resistance of MYR5.80, followed by MYR6.20. In the event the stock falls below the MYR5.00 support, this anticipation would be dissipated.
Source: RHB Securities Research - 8 Jul 2021
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