KUALA LUMPUR (April 30): RHB Retail Research said UWC Bhd may rebound further after it tested the RM1.97 support recently.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this implies a positive outlook sentiment.

“An upbeat bias may emerge above the RM2.16 level, with an exit set below the RN1.97 mark.

“Towards the upside, the immediate resistance is at the RM2.44 level, followed by the RM2.60 threshold,” it said.