Friday, March 2, 2012

Technical Analysis Mar 2012: UEM LAND (5148)


UEM LAND HOLDINGS BERHAD

Observation from Chart:-

On Mar 2, 2012, UEMLAND succeed break through MA200 resistance level.

How high will it go?

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

Technically, it will retest RM2.45 level soon.
If market sentiment is bullish enough, it might break through RM2.45 as well.

However, if retrace down, immediate support at MA20 level.

Let's watch closely.

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