RHB Retail Research
Technical Analysis - Unisem (M)
Unisem (M)
Unisem’s buying momentum may persist after the stock recorded its highest close in more than a month. Yesterday’s white candle can be regarded as a continuation of the rebound that started off 24 May’s “Hammer” pattern. A bullish bias may emerge above the MYR2.30 level, with an exit set below the MYR2.07 level. Towards the upside, the immediate resistance is at MYR2.63. This is followed by the MYR2.78 level.
Source: RHB Securities Research - 1 Jun 2018
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