RHB Investment Research Reports

Trading Stocks - Unitrade Industries

rhbinvest
Publish date: Fri, 29 Mar 2024, 10:10 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Unitrade Industries is set to climb higher after demonstrating a breakout on Wednesday, surpassing the MYR0.295 immediate resistance level. If the breakout sustains, the stock may climb higher towards the MYR0.32 all-time high, before potentially hitting the MYR0.40 mark. On the contrary, a breach below the MYR0.27 support increases the risk of a downtrend reversal, as it falls beneath the 21-day SMA line.

Source: RHB Securities Research - 29 Mar 2024

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