Monday, March 4, 2013

Technical Analysis Mar 2013: UEM LAND (5148)


Observation from Chart:-

UEMLAND succeed break through RM2.30 strong resistance level.

How high will it go?

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

If retrace down, RM2.30 would be immediate support.
Subsequent support @ MA20 / MA50 level.

Once higher high & higher low been formed, we may drive through the trend.

Let's watch closely.

Sunday, March 3, 2013

Technical Analysis Mar 2013: DIGI (6947)


Observation from chart:-

DIGI forming ascending triangle pattern.

Will it rebound @ RM4.54 strong support?

Other indicator:-
MACD trade at negaitive region, downtrend sign.
Stochastic %K at oversold stage, pending trigger buy call.

High probably it might keep consolidate @ RM4.54 support.

Immediate resistance @ upper descending triangle line.
Subsequent resistance @ MA20 level.

If high selling pressure, might be break down further.

Let's watch closely.