UOA DEVELOPMENT BHD
Observation from chart:-
16 Jan 2012,UOADEV succeed break through bolinger band squeeze.
How high will it go?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K already trigger BUY call.
Immediate resistance, RM1.60 level.
Subsequent resistance, RM1.72 level.
Strong support is MA50 & MA100 level.
If the bull strong enough, it might retest RM1.72 level.
Else, it might retrace down, retest support.
Let watch closely.
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