RHB Investment Research Reports

Trading Stocks - Unisem

Publish date: Wed, 12 Jun 2024, 10:47 AM
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Unisem is poised for a technical breakout after it bounced off the 21-day SMA line, eyeing to test the MYR4.20 resistance with high trading volume. If it manages to surpass that level, the bullish momentum is likely to persist, driving the counter towards the recent high of MYR4.50, followed by the next resistance at the MYR5 mark. However, a fall below the MYR4 support would negate the bullish setup, as the counter would then be trading below the SMA line.

Source: RHB Securities Research - 12 Jun 2024

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