The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Good to notice it has formed a nice inverted head and shoulder which is going to be uptrend again.
It has been swing for 1 year to get this H&S, let's see how it goes.
23/7/2022
price new high
choCH - sign of weakness on downtrend and seem exhaust
waiting Automate Rally if possible closing the gap
4 condition bullish exist on indicator waiting for hh
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...
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement 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.
Semiconductor shortage has been a global issue for technology related manufacturing. It can be a catalyst for these semiconductor related stock price in Bursa Malaysia.
Malaysia playing an important role in semiconductor manufacturing chain supply globally. Outsourced Semiconductor Assembly And Test (OSAT) is one of the strong semiconductor's sub sector in...
