RHB Retail Research

Trading Stocks - Uchi Technologies

rhboskres
Publish date: Wed, 08 Dec 2021, 05:59 PM
rhboskres
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RHB Retail Research

Uchi Technologies is poised for an uptrend reversal after it bounced off the 21-day average line while hitting the immediate resistance of MYR3.20, before retracing mildly beneath that level. If a breakout happens, the bullish momentum is expected to continue towards the next resistance level at MYR3.30, followed by MYR3.55. Conversely, falling below the MYR3.07 support will cancel this expectation.

Source: RHB Securities Research - 8 Dec 2021

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