PeterTing

UNISEM – Lookout for bearish reversal.

MYX:UNISEM   UNISEM (M) BHD
Greetings to all.
Here are my technical reviews on UNISEM.
1. Chart pattern reveals the a pattern of what seems to be a head & shoulder pattern.
2. Current crucial support stands at 2.79.
3. RSI unable to break 50% level indicates weakness in strength of buyers.
4. MACD sliding downwards indicating weakness in trend + candlesticks are turning yellow (yellow candlesticks indicates weakness in trend).
5. Watch 2.79 as crucial support, if broken, the price might head to 2.60 level.

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