Supported by improving economic fundamentals, global demand for chips had recovered considerably since 2Q2009. Coupled with the manufacturers and retailers restocking ahead of the upcoming Christmas season, the future outlook for technology stocks such as Unisem appears to be rosy.  Unisem had rallied by a whopping 289% from its March 2009 low to its recent July 2009 high of RM 1.75, outperforming the benchmark FBM KLCI. The uptrend for Unisem is still intact as supported by its 50-day moving average. Currently, Unisem is in a consolidation phrase as the trend indicator, ADX has turned flat around the 20 level and trading volume has decreased. However a positive sign is seen in the RSI oscillator as it is trekking up above the 50% neutrality level which suggests that momentum is picking up and Umisem should resume its uptrend soon. A break of immediate resistance at RM1.75 shall open up scope for its next upside target at RM 1.94. Immediate classical support is at RM1.62 which coincides with its 20-day moving average followed by the next stronger support at RM1.43. However a violation below it will negate the current uptrend and see a correction towards the key support zone at RM1.19-RM1.10.