Wednesday, September 12, 2012

Technical Analysis Sept 2012: UEM LAND (5148)


UEM LAND HOLDINGS BERHAD

Observation from Chart:-

UEMLAND facing high selling pressure & keep forming lower low.

How low will it go?

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

Technically, it will retest RM1.55 support level & technical rebound.
If rebound, immediate resistance @ RM1.92 level.

Let's watch closely.

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