Sunday, October 21, 2012

Technical Analysis Oct 2012: UOADEV (5200)

UOA DEVELOPMENT BHD

Observation from chart:-

UOADEV keep retest MA50 resistance level.

Will it break through the resistance?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ MA50 level.
Subsequent resistance @ RM1.82 level.

Strong support @ MA20 level.
Subsequent support @ MA100 level.

Volume of acquire is there.
High probably, it will break through MA50 soon.

Do watch out Q3 result which will be announce around Nov 2012.

Let's watch closely.

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