RHB Retail Research

Technical Analysis - Unisem (M)

rhboskres
Publish date: Fri, 17 Aug 2018, 09:51 AM
rhboskres
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RHB Retail Research

Unisem was testing the MYR3.00 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.30, followed by MYR3.68. The stock may consolidate further if it cannot breach above the MYR3.00 threshold decisively in the coming sessions. Support may be found at MYR2.48, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 17 Aug 2018

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