RHB Investment Research Reports
Trading Stocks - Unique Fire
rhbinvest
Publish date: Mon, 15 Jan 2024, 04:07 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
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