Sunday, August 25, 2013

Technical Analysis Aug 2013: UEMS (5148)

UEM SUNRISE BERHAD

Observation from Chart:-

UEMS keep forming lower high & lower low.

Will it rebound @ RM2.48 support level?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger SELL call again, pending confirmation.

High possibility it might retest immediate support, RM2.48 level.
Immediate resistance @ MA20 level.
Subsequent resistance @ descending triangle line.

Let's watch closely.

0 comments:

Post a Comment