Wednesday, November 20, 2013

Technical Analysis Nov 2013: UEMS (5148)

UEM SUNRISE BERHAD

Observation from Chart:-

UEMS keep forming lower high & lower low.

Will it rebound @ RM2.20 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, RM2.20 level.
Subsequent support @ RM2.00 level.

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

Let's watch closely.

0 comments:

Post a Comment