ULICORP Stock Code 7133 RM3.00
United U-Li Corporation (ULICORP) may climb after forming a
“Bullish Engulfing” pattern, albeit on a relatively low volume. Traders may buy
as a bullish bias could be present above the MYR3.00 level, with a target price
of MYR3.50, assuming the MYR3.19 level can be surpassed. The stock may
consolidate if it cannot hold above the MYR3.00 mark. In this case, further
support is anticipated at MYR2.78, where traders can exit upon a breach to avoid
further correction.
ULICORP Daily Chart:
by RHB
ULICORP (7133) - ULICORP - Bullish Engulfing
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