Sunday 05 May 2024
By
main news image

KUALA LUMPUR (Dec 26): RHB Retail Research said UEM Sunrise Bhd is currently consolidating laterally above the 21-day simple moving average line — it showed interest in surpassing the 85 sen immediate resistance last Friday.

In a trading stocks note on Monday, the research house said that if a breakout above that level occurs, the stock will likely advance towards the 89 sen resistance, followed by the next resistance at 94.5 sen, or the 52-week high.

“Conversely, a drop below the 77 sen support would invalidate the bullish setup,” it said.

      Print
      Text Size
      Share