Wednesday, August 6, 2014

Technical Analysis Aug 2014: UNISEM (5005)

UNISEM (M) BERHAD 

Observation from Chart:-

UNISEM forming ascending triangle pattern.

Will it breakout RM1.78 resistance level?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

If able break through RM1.78 resistant, next resistant would be RM1.92 level.
Subsequent resistance, RM2.00 level.

If retrace down, MA20 is immediate support.
Subsequent support, RM1.67 level.

Let's watch closely for opportunity.

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