Unique Fire is poised to extend its upside movement after breaking past the resistance on strong volume. We observed that the stock has climbed above the MYR0.27 resistance to chart a fresh “higher high” candlestick. Trading volume has also been increasing in tandem with the share price, showing that strong momentum is underway. The momentum may propel the stock towards the next resistance at MYR0.295, followed by MYR0.31. A fall below the MYR0.25 support would negate the bullish setup.

Source: RHB Securities Research - 21 Nov 2023