RHB Investment Research Reports
Trading Stocks - Unisem
rhbinvest
Publish date: Tue, 30 Apr 2024, 11:04 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Unisem is likely to resume its uptrend after climbing above the breakout level of MYR3.68. This, coupled with strong trading volume, leads us to expect the stock to trend higher towards MYR3.92, ie the YTD high, followed by MYR4.30. On the flip side, falling below the MYR3.45 support would negate the bullish setup.
Source: RHB Securities Research - 30 Apr 2024
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