UNIQUE FIRE HOLDINGS (UNIQUE | 0257)
Last Price: RM0.435 | Technical Call: BUY
Support 1: RM0.425 | Resistance 1: RM0.48 |
Support 2: RM0.40 | Resistance 2: RM0.50 |
Shariah Compliant: Yes | Sector: Industrial |
Unique Fire may trend higher after it broke above the RM0.425 resistance and hit a new 52-week high on Friday. In view that the 20-day and 50-day EMAs are starting to turn upwards, the stock still looks positive in the near term. A bullish bias may emerge above the RM0.425 level with stop-loss set at RM0.39, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.48, followed by RM0.50.
Entry: RM0.425-0.435
Target: RM0.48, RM0.50
Exit: RM0.39
Source: AmInvest Research - 13 Jan 2025
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