UNISEM ( 5005 : 1.44 ) : Accumulate/Stop loss 1.30
Description
Resistance : 1.53 1.84
Support : 1.30 1.38
RSI of 51
RSI is on the rise
STOCHASTIC
It is on base forming
TREND INDICATOR
Comment
Currently, it is capped at 1.53, indicating further consolidation. However, the downside is limited due to oversold technicals, pointing to an eventual upside breakout to test the 50% retracement of 1.84
Trading Strategy
Accumulate. Stop loss is at 1.30
Source Jupiter Securities Research 27 April 2012
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