Unique Fire Holdings Berhad (UNIQUE, 0257)

• We expect UNIQUE to maintain its momentum and break above the RM0.42 resistance level, drivenby a resurgence in buying interest and a bullish crossover formed in late December. The stock has been forming higher lows over the past four months, indicating potential upside in the near term.

• Thus, we reckon the rising momentum will steer the stock higher and test the next resistance atRM0.455 (R1) followed by RM0.50 (R2) in the near term.

• On the downside, stop-loss is set at RM0.365.

Source: Rakuten Research - 9 Jan 2025

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