Sunday 26 February 2012

UNISEM - 27 Feb 2012

UNISEM ( 5005 : 1.27 ) : Targeting 1.45
Description

Resistance : 1.45
Support : 1.24

RSI of 40
RSI is approaching oversold

STOCHASTIC
It is oversold

TREND INDICATOR
Down

Comment
The recent correction may have bottomed out at the 61.8% retracement of 1.24. A technical rebound to the 50% retracement level of 1.45 is likely

Trading Strategy
Buy. Stop loss is at 1.22

Source:Jupiter Securities Research

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