UUE Holdings (UUE | 0310)
Last Price: RM0.89 | Technical Call: BUY
Support 1: RM0.86 | Resistance 1: RM0.96 |
Support 2: RM0.83 | Resistance 2: RM1.00 |
Shariah Compliant: Yes | Sector: Construction |
We believe the buying interest in UUE Holdings has returned after it broke out of the 1-week bullish flag pattern with another positive candle yesterday. As the 20-day and 50-day EMAs established their bullish crossover in early November 2024, additional upside strength may be present in the near term. A bullish bias may emerge above the RM0.86 level with stop-loss set at RM0.82, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.96, followed by RM1.00.
Entry: RM0.86-0.89
Target: RM0.96, RM1.00
Exit: RM0.82
Source: AmInvest Research - 3 Jan 2025
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Created by AmInvest | Dec 31, 2024