UWC Bhd
is experiencing slight profit-taking pressure after recent gains, but the share price is expected to resume the uptrend.
The share is approaching the recent high of RM6.56, which could pave the way for an attempt at the historic closing high of RM7.09.
Based on the daily price chart, the share is outpacing the key simple moving averages, reflecting the bullish price trend.
The slow-stochastic is mildly overbought at 83 points, but is expected to maintain its bullish trajectory.
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