Monday, March 4, 2013

Technical Analysis Mar 2013: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

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.

0 comments:

Post a Comment