RHB Retail Research
Trading Stocks - Unisem
Unisem was showing signs of a rebound after it gapped up above its previous resistance level, on strong volume. With the recent “higher high” formation, the bulls are expected to push the price north. If it manages to stay above the resistance-turnsupport level of MYR8.15, the positive momentum may lift it towards the next resistance of MYR8.60, followed by MYR9.00. This trading set-up would be nullified, if the MYR7.60 support is breached.
Source: RHB Securities Research - 5 Apr 2021
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