AmInvest Research Reports

Stock on Radar - Unitrade Industries

Publish date: Thu, 18 Apr 2024, 10:00 AM
0 8,838
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We expect further upside for Unitrade Industries after it posted a white candle and closed above the RM0.31 resistance yesterday. With the stock pushing near its 52-week high and with rising EMAs, upward momentum may be present now. A bullish bias may emerge above the RM0.31 level with stop-loss set at RM0.29, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.35, followed by RM0.37.

Entry : RM0.31–0.32

Target : RM0.35, RM0.37

Exit : RM0.29

Source: AmInvest Research - 18 Apr 2024

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