Tuesday, January 8, 2013

Technical Analysis Jan 2013: UOADEV (5200)


Observation from chart:-

UOADEV still unable break through RM1.78 resistance level on 4th attempt.

How about this round, 5th attempt?

Other indicator:-

MACD moving toward positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance @ RM1.78 level.
Subsequent resistance @ RM1.82 level.

Immediate support @ MA20 level.
Subsequent support @ RM1.69 level.

According last two attempt, the moment unable break through RM1.78, it will retrace down to MA20 support.

Let's watch closely.

1 comment:

  1. Thanks for posting... Your annotation and chart representation is always appreciating. Stock Trader