Unisem (M) consolidated and touched the RM7.52 resistance level. With its RSI indicator pointing upwards, coupled with a higher low candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM7.80, followed by RM7.90. The downside support is marked at RM7.15. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy near RM7.52

Target: RM7.80, RM7.90 (time frame: 2-4 weeks)

Exit: RM7.15
 

Source: AmInvest Research - 15 Jun 2021