RHB Retail Research
Trading Stocks - Unisem (M)
Unisem has likely completed its accumulation phase, where prices tested the rising 21-day SMA line. This implies that the uptrend may likely be extended. A positive bias could appear above MYR6.15, with resistance levels pegged at MYR6.65 and MYR7.00. A downside breach of MYR6.15 would nullify this positive expectation.
Source: RHB Securities Research - 5 Jan 2021
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