RHB Retail Research
Trading Stocks - Unimech Group
Unimech Group may rebound further after it tested the MYR1.07 support in recent sessions. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.10 level, with an exit set below the MYR1.07 threshold. Towards the upside, the near term resistance is at MYR1.15. This is followed by the MYR1.18 level.
Source: RHB Securities Research - 30 Apr 2019
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