Friday, February 4, 2011

Technical Analysis Feb 2011: UEM LAND (5148)




UEM LAND HOLDINGS BERHAD

Observation from Chart:-


UEMLAND have been retrace down from RM3.30 high to RM2.65

On 1 Feb 2011, forming reversal candlestick.

On 2 Feb 2011, RSI & Stochastic %K indicator already trigger buy.

If able break up RM2.85 (MA20) resistant, it might retest RM3.30 level.

If future retrace down, next strong support level, RM2.58 (MA50) & RM2.38 (MA100)

Let watch closely.



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

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