Technical Analysis July 2012: UEM LAND (5148)
UEM LAND HOLDINGS BERHAD
Observation from Chart:-
UEMLAND break down MA20 support level.
How low will it go?
Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on SELL call position.
Technically, it will retest RM2.00 psychology support level.
If NO technical rebound, subsequence support RM1.92 level.
If rebound, immediate resistance @ MA50 level.
Let's watch closely.
Thank you for your TA on Hap Seng Plantation..
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