Friday, October 21, 2011

Technical Analysis Oct 2011: UOADEV (5200)




UOA DEVELOPMENT BHD

Observation from chart:-

UOADEV rebound from RM1.18 low to RM1.74 high. (+RM0.56 or +47.9%)

As today, it retest strong resistant RM1.74 & closed at RM1.59

Will it break through RM1.74?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

Strong resistant is RM1.74
Strong support is around RM1.46 level, which is MA50 level.

High probably it will consolidate before go higher.
Let watch closely.

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

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