![](http://1.bp.blogspot.com/-vgpmoqF8xGY/UBaEETNPr5I/AAAAAAAACLw/_1zz4tU360k/s320/2012Jul-UMCCA.png)
UNITED MALACCA BHD
Observation from Chart:-
UMCCA (2593) is trading above MA20 support level.
Will it break through RM7.69 resistance level?
Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K pending trigger BUY call.
Immediate resistance RM7.69 level.
Immmediate support MA20 level.
![](http://1.bp.blogspot.com/-sAINlowcLlU/UBaD6RbvyKI/AAAAAAAACLk/cDpVkRl-c5E/s320/UMCCA%2Bacquired.png)
In view of insider keep acquired in huge volume,high potential break through RM7.69 resistance level & go higher.
Let's watch closely.