• Target Price: RM0.355, RM0.385
• Last closing price: RM0.325
• Potential return: 9.2%, 18.4%
• Support: RM0.310
• Stop Loss: RM0.275

Possible for technical rebound. UCREST is staging a potential technical rebound with a formation of hammer candlestick amid market weakness. Corresponding RSI and MACD indicators remain healthy with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.355 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.385.

However, failure to hold on to support level of RM0.310 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 29 Jun 2021