Thursday, March 17, 2011

Technical Analysis Mar 2011: UEM LAND (5148)


UEM LAND HOLDINGS BERHAD

Observation from Chart:-

UEMLAND have been retrace down from RM3.30 high to RM2.63

Everytime touch RM2.63 level, it will rebound. RM2.63 is current support level.

Now, UEMLAND is forming Descending Triangle

If able break above upper line of triangle, it might retest RM2.85 level.

If break down RM2.63 support, next strong support level RM2.57 (MA100) & RM2.37

Let watch closely for entry opportunity.


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

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