RHB Retail Research: United U-Li shows signs of upward move

RHB Retail Research says United U-LI Corporation Berhad is showing early signs of resuming its upward move after the recent retracement leg came close to testing the rising 21-day SMA line.

In a trading note, the research house says a positive bias may emerge above MYR0.48 with resistance levels set at MYR0.52 and MYR0.56.

This positive bias would stay provided MYR0.48 support is not breached.

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