RHB Retail Research
Trading Stocks - UEM Edgenta
UEM Edgenta has formed a technical breakout, as it breached the immediate resistance of MYR1.83 on high volume. If it manages to stay above the immediate resistance-turnedsupport, the bullish momentum may propel the stock towards the MYR2.00 level, followed by the next resistance of MYR2.25. However, falling below the MYR1.78 support may see the stock descending further to mark a “lower low” bearish pattern.
Source: RHB Securities Research - 27 Oct 2021
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