UNISEM share price rose 3% or 5 sen to RM1.72 yesterday, with the closing price seen breaking out from the resistance level of RM1.70 while also distancing further from all its SMA trend lines to form an uptrend movement.  eanwhile, positive buying momentum was evidenced by Stochastic and RSI indicators, both moving north with Stochastic surging beyond the overbought region. However, the MACD indicator was less supportive or neutral with its flattish movement. Should buying interests continue, we expect the share price to retest the RM1.90 (R1) level.

 

 

Source: Kenanga