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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Ucrest has likely completed multi-week accumulation phase, RHB Retail Research

UCREST
UCREST
Original Source From TheEdge Publish at Thu, 05 Nov 2020, 07:25AM

KUALA LUMPUR (Nov 5): RHB Retail Research said Ucrest Bhd has likely completed its multi-week accumulation phase as it extended its rebound off the 21-day SMA line and pushed through above the 15.5 sen resistance on strong volume.

In a trading stocks note today, the research house said a positive bias may appear above this threshold, with resistance levels set at 17 sen and 18 sen.

“A downside breach of 15 sen would nullify this positive thesis,” it said.

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