UEM LAND HOLDINGS BERHAD
Observation from Chart:-
On Oct 21, 2011 UEMLAND retest MA50 support level.
Will it break through MA50 or further retrace down?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K no trigger buy call.
Technically, it will keep coonsolidate below MA50, which is RM2.00 psychology level.
If market sentiment is bullish enough, it might break through MA50, subsequent resistant would be MA100.
Let watch closely for the break out.
Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!
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