Friday 26 Apr 2024
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KUALA LUMPUR (June 24): RHB Retail Research said UWC Bhd is eyeing a technical breakout as it tries to climb higher again towards the immediate resistance of RM3.23.

In a trading stocks note on Friday (June 24), the research house said if the stock manages to breach above that level — forming a “higher high” bullish pattern — the stock may climb further towards the resistance level of RM3.47, namely April 20’s high, followed by RM3.61 or the high of April 14.

“If it falls below the support level of RM3, the stock may move south, below the 21-day average line,” it said.

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