RHB Investment Research Reports
Trading Stocks - Unisem
rhbinvest
Publish date: Wed, 06 Apr 2022, 09:25 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Unisem is staging a technical rebound as it bounced off the immediate support and exceeded the MYR3.19 mark yesterday on stronger volume, following a recent pullback. Supported by the “higher low” bullish pattern, the stock is expected to propel towards the resistance of MYR3.36 – a recent high – followed by MYR3.54. However, the momentum may lose steam if it falls below the MYR3.08 support, printing a “lower low” bearish structure.
Source: RHB Securities Research - 6 Apr 2022
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