Unique Fire is eyeing to stretch the bullish trajectory after climbing above the resistance on high volume. The counter has crossed above the MYR0.38 resistance and closed above the 21- day SMA line. The moving average line is curving upwards – showing short-term trend is bullish. Expect a follow-through price action to test MYR0.41, followed by MYR0.44. Conversely, falling below the MYR0.35 support will resume the correction phase.

Source: RHB Securities Research - 13 Aug 2024