RHB Investment Research Reports
Trading Stocks - Unisem (M)
rhbinvest
Publish date: Thu, 12 Sep 2024, 09:41 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
Unisem (M) is eyeing to stage a technical rebound while consolidating sideways. The counter has been moving sideways below the MYR3.20 resistance for a consolidation. If it climbs above the immediate resistance, a bullish bias will emerge. In this case, the stock will travel towards MYR3.35, followed by the MYR3.55 level. However, a breach below the MYR2.95 support resumes the bearish phase.
Source: RHB Securities Research - 12 Sept 2024
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