Tuesday, 3 July 2012

Daily Trading Stocks: Unisem Bhd

Unisem may continue to climb after the firm close yesterday. A position can be initiated above the prior two-week high of RM1.39, with a close below last week’s low of RM1.34 as a stop-loss. The price targets are the prior highs of RM1.56 and RM1.63. However, the stock may decline if the stop-loss is triggered. Weakness is confirmed on a close below RM1.25, with supports at RM1.13 and RM1.00.


Source: OSK

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