RHB Retail Research
Trading Stocks - Uzma
Uzma is set to resume its uptrend as it bounced off the recent resistance-turned-support level of MYR0.67 yesterday, thereby maintaining its “higher high” and “higher low” bullish structure. If the momentum is sustained above that level, the bulls should drive the stock towards the threshold of MYR0.74, before possibly hitting MYR0.76. That said, this expectation will be cancelled if it falls below the support of MYR0.635.
Source: RHB Securities Research - 15 Oct 2021
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