UOA Development is likely to climb further after it closed at an eight-month high yesterday. A position can be initiated at above RM1.60, with a close below Monday’s gap of RM1.54 as a stop-loss. The price targets are RM1.80 and RM2.00. Failure to close higher in the next few days could see the stock return to its sideways trend. Strong support is at RM1.40.
Source: OSK
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