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.
Wednesday, November 20, 2013
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