Wednesday, January 2, 2013

Technical Analysis Jan 2013: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

Observation from Chart:-

UEMLAND is forming bolinger band squeeze.

When will it break through the resistance?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call position.

Technically, it require break through RM2.16 resistance level before go higher.
Subsequent resistance @ RM2.25 level

If break down RM2.08 support level, it might encounter high selling pressure.

Let's watch closely.

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