Cyrogx6

UMW - Bullish under the Trend ?

Short
MYX:UMW   UMW HOLDINGS BHD
WEEKLY

Strong Bullish green candle, are we going to see a higher push up to the trendline resistance ?
UMW has yet to break out from their long term downtrend.
We can also see that UMW form a double bottom - expected price to run up to Rm3.6x testing Trendline Resistance

UMW has also formed a double bottom on trend line , expected to run up a couple of bips before TP levels

RSI: Weekly RSI shows the entering of overbought area. Would look for UMW to retrace back

Buying opportunity in the Daily, Short therm uptrend.

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