UUE Holdings (UUE | 0310)
Last Price: RM0.795 | Technical Call: BUY
Support 1: RM0.76 | Resistance 1: RM0.90 |
Support 2: RM0.69 | Resistance 2: RM0.95 |
Shariah Compliant: Yes | Sector: Construction |
UUE Holdings may rise higher after it gapped up and posted a long positive candle on Friday. Given that the stock has broken out of the 1-week bullish flag pattern and is supported by its rising EMAs, it may experience additional strength in the near term.
A bullish bias may emerge above the RM0.76 level with stop-loss set at RM0.68, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.90, followed by RM0.95.
Entry: RM0.76-0.795
Target: RM0.90, RM0.95
Exit: RM0.68
Source: AmInvest Research - 21 Oct 2024
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