CIMB Trend Spotter: Unisem (UNI MK; RM1.51) ' BUY
FY13P/E: N/A, P/BV: 0.9x
- Unisem looks set to break out of its wedge resistance. A breakout of the resistance trend line (now at RM1.54) should lift prices back towards RM1.66 and RM1.75.
- Although MACD signal line is still dwindling, we believe the downtrend will reverse soon. RSI indicator has hooked upward.
- Risk takers may take some position here while other should join the buying bandwagon when the candles swing past the RM1.54 level. Be quick to cut loss if the RM1.44 level is breached.
Unisem (M) Berhad manufactures semiconductor devices. The company provides turnkey solutions to its customers in wafer grinding, packaging and testing of integrated circuits, tape and reel, and dropship services. Unisem also provides packaging and testing wide range of leadframe packages.
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