Sunday, April 22, 2012

Technical Analysis Apr 2012: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

Observation from Chart:-

On Apr 19, 2012, UEMLAND break down RM2.18 support level.

How low will it go?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on SELL call position.

Technically, it will retest RM2.00 psychology support level.
If NO technical rebound, subsequence support RM1.825 level.
If rebound, immediate resistance @ RM2.18 level.

Let's watch closely.

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