RHB Investment Research Reports
Trading Stocks - Unisem (M)
rhbinvest
Publish date: Thu, 12 Sep 2024, 09:41 AM
rhbinvest
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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
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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
Unisem (M) is eyeing to stage a technical rebound while consolidating sideways. The counter has been moving sideways below the MYR3.20 resistance for a consolidation. If it climbs above the immediate resistance, a bullish bias will emerge. In this case, the stock will travel towards MYR3.35, followed by the MYR3.55 level. However, a breach below the MYR2.95 support resumes the bearish phase.
Source: RHB Securities Research - 12 Sept 2024
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