Uchi Technologies Bhd (stock code: 7100) grazed its immediate resistance on Friday, en route to superceding its recent high and resuming the uptrend it has embarked on since March 24.
The company has declared a dividend payout of 8.5 sen with ex-date on Monday. Over the last three months, the counter’s recovery has been proceeding without too much hassle, forming a V-shape recovery as it returned to February levels of trading. Given the speed at which it has retraced its losses, the outlook on the daily price chart has been looking more positive.