RHB Retail Research
Trading Stocks - Unimech
Unimech may move higher after it continued holding above the MYR1.05 support. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.10 level, with an exit set below the MYR1.05 threshold. Towards the upside, the near-term resistance is at MYR1.20. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 8 Apr 2019
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