AmInvest Research Reports
Stock on Radar - Unitrade Industries
AmInvest
Publish date: Thu, 18 Apr 2024, 10:00 AM
AmInvest
0 9,338
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
We expect further upside for Unitrade Industries after it posted a white candle and closed above the RM0.31 resistance yesterday. With the stock pushing near its 52-week high and with rising EMAs, upward momentum may be present now. A bullish bias may emerge above the RM0.31 level with stop-loss set at RM0.29, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.35, followed by RM0.37.
Entry : RM0.31–0.32
Target : RM0.35, RM0.37
Exit : RM0.29
Source: AmInvest Research - 18 Apr 2024
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