Unique Fire Holdings is poised to rebound higher as it attempted to rebound from its recent pullback yesterday – hitting the MYR0.215 resistance. If it manages to surpass above this, we will likely see the stock jump further towards the MYR0.23 recent high, followed by the MYR0.25 next resistance or 23 Dec 2022’s high. However, the counter may move downwards if it drops below the MYR0.20 support, as it heads to trade below the short-term average line besides forming a “lower low” bearish pattern.

Source: RHB Securities Research - 18 Jan 2023