UWC is set for a technical rebound after breaching above the MYR3.60 resistance on significant trading volume. With the fresh “higher high” bullish pattern above the 21-day SMA line, the bulls are aiming for the MYR4 mark, followed by the next resistance at MYR4.30. A decline below the MYR3.30 support would dent sentiment on the counter and spark a downtrend as it would be trading below the SMA line.
Source: RHB Securities Research - 14 Sept 2023
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Jul 03, 2024