RHB Investment Research Reports
Trading Stocks - Unique Fire
rhbinvest
Publish date: Tue, 13 Aug 2024, 10:02 AM
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
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Jalan Tun Razak
Kuala Lumpur
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Tel : +(60) 3 9280 8888
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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 eyeing to stretch the bullish trajectory after climbing above the resistance on high volume. The counter has crossed above the MYR0.38 resistance and closed above the 21- day SMA line. The moving average line is curving upwards – showing short-term trend is bullish. Expect a follow-through price action to test MYR0.41, followed by MYR0.44. Conversely, falling below the MYR0.35 support will resume the correction phase.
Source: RHB Securities Research - 13 Aug 2024
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