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UWC eyeing a technical breakout, says RHB Retail Research

The Edge Markets LogoThe Edge Markets1 mo ago

UWC eyeing a technical breakout, says RHB Retail Research

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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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Article Details

Category: InvestingFinance

Topics: Climb Research (june Eyeing 24): Stock Resistance Level Kuala Lumpur Retail

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 23:40:12

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 1 minutes read

Article Length: 119 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6652

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About The Edge Markets

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Official Website: theedgemarkets.com

Update Frequency: 107 posts per day

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Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

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