• Target Price: RM0.795, RM0.870

• Last closing price: RM0.745

• Potential return: 6.7%, 16.7%

• Support: RM0.710

• Stop Loss: RM0.755

Possible for further upside. UUE is potentially staging a stronger recovery, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.795 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.870. However, failure to hold on to support level of RM0.710 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 7 Nov 2024