Although the volume has slightly decreased today but this is very normal. The blue line in MACD just crossed up and this seems positive for more upper moving. Although inverted hammer formed today, but overall still remain bullish. However, please be cautious on taking profit of some shareholders.
Seems like buyers and sellers are performing strongly today and ended up with 2 cents fall with medium black candle stick. Perhaps this is just a correction.
Too bad for Unisem to break below a few supports. Wait for rebound now.
The downtrend line is now becoming the support line of this stock. Awaiting for rebound now. In case, another formation of black candle stick and fall more than 3% of a total of three days black would be a selling signal of this stock.
Still remain bullish. However, recent slumping of petroleum price might bring some side impact to this stock.
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