RHB Investment Research Reports

Trading Stocks - Unisem

rhbinvest
Publish date: Wed, 12 Jun 2024, 10:47 AM
rhbinvest
0 3,921
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

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

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment