Uzma’s climb should continue after staying above the RM1.50 resistance level. A purchase can be made above the level, with a close below the recent low of RM1.43 as a stop-loss. The price target is RM1.85, provided that 2011’s high of RM1.65 is violated. The stock should trade sideways if the stop-loss is triggered. Strong support is seen at RM1.30.
Source: OSK
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