Unisem is likely to resume its uptrend after climbing above the breakout level of MYR3.68. This, coupled with strong trading volume, leads us to expect the stock to trend higher towards MYR3.92, ie the YTD high, followed by MYR4.30. On the flip side, falling below the MYR3.45 support would negate the bullish setup.
Source: RHB Securities Research - 30 Apr 2024
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Created by rhbinvest | Aug 23, 2024