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

Quick Summary AI Powered

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.

More Pictures


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:

Language: English

Reading Time: 1 minutes read

Article Length: 119 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6652

View Article Analysis

About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website:

Update Frequency: 107 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.