Technical Analysis Jan 2013: UOADEV (5200)
UOA DEVELOPMENT BHD
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.
Thanks for posting... Your annotation and chart representation is always appreciating. Stock Trader
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