Unisem (M) Berhad

• Share price closed 1.3% higher at RM3.07 last Thursday.

• UNISEM formed its bottom at RM2.99 as share price rebounded 3 times at this level. Improved buying interest was seen last Thursday with the tendency to push the price towards its next resistance level but retraced towards the closing. Indicators will soon make a U–turn to point upwards, therefore share price is expected to move higher.

• Resistance levels are identified at RM3.28 (R1) and RM3.345 (R2).

• On the flipside, support levels are pegged at RM2.99 (S1) and RM2.96 (S2).

Source: Rakuten Research - 25 Apr 2023

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