UOA REIT is likely to trade higher if it closes above the eight-month resistance level of RM1.42. A position can be made on a close above the level, with a close below early the July low of RM1.33 as a stop-loss. The price target is RM1.55 and resistance is also expected at the psychological RM1.50. Failure to close higher should see the sideways trend continuing. Further support is at RM1.29.
Source: OSK
No comments:
Post a Comment