UOA DEVELOPMENT BHD
Observation from chart:-
UOADEV still unable break through RM1.77 resistance level on 3rd attempt.
Will it retest RM1.69 support level again?
Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K trigger SELL call, pending confirmation.
Immediate resistance @ RM1.77 level.
Subsequent resistance @ RM1.82 level.
Immediate support @ MA20 level.
Subsequent support @ RM1.69 level.
According last two attempt, the moment unable break through RM1.77, it will retrace down to RM1.69 support.
So high probably it might retest RM1.69 level.
Let's watch closely.
Monday, December 17, 2012
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