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.
Wednesday, January 2, 2013
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