Friday 29 Mar 2024
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KUALA LUMPUR (March 1): RHB Retail Research said UMW Holdings Bhd’s bottom-building process has likely been completed.

In a trading stocks note today, the research house said UMW crossed above the 21-day simple moving average (SMA) line on improved volume in the latest session.

“A positive bias is expected above RM2.90, with resistance levels set at RM3.15 and RM3.30.

“A downside breach of RM2.90 would negate this positive bias,” it said.

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