RHB Investment Research Reports
Trading Stocks - Unitrade Industries
rhbinvest
Publish date: Fri, 29 Mar 2024, 10:10 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
Unitrade Industries is set to climb higher after demonstrating a breakout on Wednesday, surpassing the MYR0.295 immediate resistance level. If the breakout sustains, the stock may climb higher towards the MYR0.32 all-time high, before potentially hitting the MYR0.40 mark. On the contrary, a breach below the MYR0.27 support increases the risk of a downtrend reversal, as it falls beneath the 21-day SMA line.
Source: RHB Securities Research - 29 Mar 2024
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