RHB Investment Research Reports
Trading Stocks - Unisem
rhbinvest
Publish date: Tue, 21 Mar 2023, 09:37 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 poised to rise further after rebounding above the 21- day average line over the last three consecutive sessions, heading towards the MYR3.15 immediate resistance. If a breakout happens above that level, the bullish bias may drive the stock up to reclaim the MYR3.28 recent high, followed by the MYR3.50 threshold. If it drops below the MYR3 support, this may reverse the momentum as it will trade below the average line.
Source: RHB Securities Research - 21 Mar 2023
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