Investment Ideas: Stock Picks – Infomina, Unisem

Infomina is set to propel towards its 2-week high as it bounced off the 21-day SMA line, breaking above the MYR1.31 resistance and closing with a strong positive price action.

RHB Retai Research cited today that backed by surging trading volume, the stock is set to climb towards the 2-week high of MYR1.41, followed by the MYR1.50 mark, ie 19 Jan’s high.

However, if the stock falls below the support of MYR1.24, our expectations would be negated.

Similarly, RHB said 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.

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