TP : 8.30
CL : 5.50
From sideway, breakout resistance 6.1 and will continue to complete the handle before fly higher.
This plan is based on TA and subject to actual price actions.
The purpose is to assist traders in providing some trading ideas what will be the market projection for this stock.
UNISEM just BO to ATH with very high volume yesterday. in fact the highest volume since dec 2018
a counter with good FA
uptrend counter
next TP will be at 8.235 base on previous price increment or 8.245 based on fibo extension ( 20 percent increase of price from current price)
followed by next tp at 10.315
will it reach the TP?
in my opinion yes
for a bull run...
FA - Explosive profit in last two QR. Can it continue? Let the stock speak itself...
TA - Consolidation and forming and triangle... at the range to fire...
UNISEM
Rst: 6.18/ 6.55
Spp: 5.55
Technical rebound casted from 261.8% & middle BB, this round is potentially the last of the last surge before trend reversal takes charge as the previous peak of RSI will not be easy be hit, means this will form serious bearish divergence when the stock moves higher.
MYX:UNISEM
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Question you need to ask yourself :-
1) Is it UPTREND ? ema 20 > ema 50
2) Is it BULLISH ? price > ema 50
3) Is it STRONG BULL ? fift positive
If yes,
4) Where is your Support and Stop Loss ? 3.86
5) Where is your Entry Point ? wait til 4.2
6) What is the % risk (Stop Loss - Entry Point)/Entry Point 8%
7) Can you take this N% risk ? yes
8) you got a setup if...
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
Shakeout tell you that there's demand for shares. It is a good thing to see on charts, and at times, they can be buying opportunities. Shakeout pushes the supply of readily available shares from the hands of the weak into the hands of the strong. Then the stock immediately turns and rushes higher, often within just few bars.
Based on Unisem daily chart, TradeVSA...
Unisem formed a nice uptrend with price makes higher highs and higher lows. The price broke above the resistance level at RM3.17 with widespread bar and high volume. After the breakout, price immediately move sideways with narrow spread bars. The narrow bars with low volume shown Smart Money is test the supply in the market and formed a support level.
Currently...
Greetings to all.
Here are my technical reviews on UNISEM.
1. Chart pattern reveals the a pattern of what seems to be a head & shoulder pattern.
2. Current crucial support stands at 2.79.
3. RSI unable to break 50% level indicates weakness in strength of buyers.
4. MACD sliding downwards indicating weakness in trend + candlesticks are turning yellow (yellow...
![UNISEM: UNISEM [28 October 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/m/MxMqOPGT_mid.png "UNISEM [28 October 2020] Buy On Dip in Support Zone")
