Unisem is poised to rise further after rebounding above the 21- day average line over the last three consecutive sessions, heading towards the MYR3.15 immediate resistance. If a breakout happens above that level, the bullish bias may drive the stock up to reclaim the MYR3.28 recent high, followed by the MYR3.50 threshold. If it drops below the MYR3 support, this may reverse the momentum as it will trade below the average line.
Source: RHB Securities Research - 21 Mar 2023