Unisem seems to be forming the head & cup formation on the weekly chart. Potential breakout play if UNISEM can break the neckline at 4.70 or previous high of 4.72. If it does not violate the uptrend line support, this could be a good cup & handle breakout play.
Technical analysis for UNISEM Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL with price candle stay above along MA 200 line.
- Current price candle trend had retracement and rebound at Fibonacci 0.382 area considered neutral retracement in a healthy trend. Current price candle trend rebound...
UNISEM seems to have completed the cup and currently looks to be forming the handle. However, one important thing to note is that it must not break the uptrend line in blue. Set your alert, if it breaks RM9.43 with high volume upon the completion of Cup & Handle formation, then the upside potential is huge!
Disclaimer:
This is by no means a recommendation to...
UNISEM
Theme: Tech
Rst: 8.00
Spp: 7.70
Worrying signals is back above to haunt the stock, shooting star emerged today has pull the stock to breakdown from H&S formation, dragging further by falling RSI, MACD, which means coming days weakness will continue to spell.
UNISEM
Theme: Tech
Rst: 8.16
Spp: 7.70
Pressure loomed at level between middle BB to RM8 psychological resistance, likely to follow by pressure towards 7.00 area again. Immediate support holding the momentum now is at Fibo Ext 61.8%.
UNISEM
Theme: Tech
Rst: 7.70
Spp: 7.37
MA50 supporting trendline being violated but has came to another key support at Fibo Ext 50%, since the fall emerged from narrow BB, expecting rebound will follow from this level, propelling the stock back above MA50.
UNISEM
Rst: 8.16
Spp: 7.70
The resurgence of green candle, neutralised yesterday bearish engulfing formation, which also confirmed Fibo Ext 50% as strong support now, may facilitate further upside to 100% area.
UNISEM
Rst: 6.18/ 6.55
Spp: 5.55
Technical rebound casted from 261.8% & middle BB, this round is potentially the last of the last surge before trend reversal takes charge as the previous peak of RSI will not be easy be hit, means this will form serious bearish divergence when the stock moves higher.
