Unisem (M) climbed and touched the RM4.26 resistance level. With its RSI indicator pointing upward, coupled with a sustainable trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM4.42, followed by RM4.50. The downside support is marked at RM4.06. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM4.26

Target: RM4.42, RM4.50 (time frame: 2-4 weeks)

Exit: RM4.06
 

Source: AmInvest Research - 19 Nov 2021