Unique Fire is looking to extend its bullish trajectory after staging an upside breakout with strong volume. The stock charted a long white candlestick and closed above the MYR0.41 resistance, signalling that strong bullish momentum is underway. Based on this momentum, we expect follow-through price action to test the next resistance level at MYR0.44, followed by the one at MYR0.47. A fall below the MYR0.38 support level would negate the bullish setup and kickstart a correction.

Source: RHB Securities Research - 10 Jan 2025