KUALA LUMPUR (July 19): RHB Retail Research said UEM Sunrise Bhd may rebound further after it tested 79.5 sen support in its latest session.
In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.
“A bullish bias may appear above the 79.5 sen level, with an exit set below the 79.5 sen threshold.
“Towards the upside, the near-term resistance is at 85 sen. This is followed by the 89 sen level,” it said.