Wednesday, April 17, 2013

Technical Analysis Apr 2013: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

Observation from Chart:-

UEMLAND keep forming higher high & higher low.

What's the next high?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K trigger BUY call, pending confirmation.

If retrace down, MA20 would be immediate support.
Subsequent support @ RM2.60 level.

Once break through RM2.90, another new high record been formed, we may drive through the trend.
Do watch out reversal sign & take profit.

Let's watch closely.

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