RHB Retail Research
Trading Stocks - Unimech Group
Unimech Group may rebound higher after it continued holding above the MYR1.10 support. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.17 level, with an exit set below the MYR1.10 threshold. Towards the upside, the near-term resistance is at MYR1.25. This is followed by the MYR1.30 level.
Source: RHB Securities Research - 11 Jul 2019
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