Unique Fire is consolidating sideways as it looks to break past the immediate resistance. We noticed that the stock has been moving sideways below the MYR0.355 resistance level for consolidation. If a breakout takes place, a bullish bias will emerge. In this scenario, the stock may climb towards the next resistance levels at MYR0.375, followed by MYR0.39. Conversely, a fall below the MYR0.32 support level would lead the stock into a bearish phase.

Source: RHB Securities Research - 15 Jan 2024