Unisem is likely to resume its uptrend after climbing above the breakout level of MYR3.68.
RHB Retail Research in a note today (Apr 30) said this, coupled with strong trading volume, leads us to expect the stock to trend higher towards MYR3.92, ie the YTD high, followed by MYR4.30.
On the flip side, falling below the MYR3.45 support would negate the bullish setup.
KB Engineering may be headed for a technical breakout after climbing strongly and moving towards the immediate resistance of MYR1.85on a spike in trading volume.
If a breakout above that level happens, the bullish momentum may propel the stock towards MYR2, followed by the next resistance point of
MYR2.10.
However, breaching below the MYR1.70 support would reverse the momentum, as it would be trading below the 21-day SMA line.
