Monday, July 30, 2012

Technical Analysis July 2012: UMCCA (2593)


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.

In view of insider keep acquired in huge volume,high potential break through RM7.69 resistance level & go higher.

Let's watch closely.

1 comment:

  1. Can you pls do TA on GenM and Maxis.
    Thank you very much..