RHB Retail Research
Trading Stocks - Unisem
Unisem is set for a technical breakout as it attempted to cross above the MYR7.73 resistance on high volume yesterday. If it crosses and forms a “higher high” pattern”, the bullish momentum would propel the stock higher towards MYR8.23, followed by MYR8.53. Meanwhile, if the stock falls below the MYR7.30 support level, the momentum may turn bearish.
Source: RHB Securities Research - 9 Jul 2021
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