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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