Observation from chart:-
UOADEV retrace down from RM2.40 to RM1.80 (-RM0.60 or 25%)
Will RM1.80 strong support level ?
Other indicator:-
MACD trading @ negative region, downtrend sign.
Stochastic %K trigger BUY call.
Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.
Immediate support @ RM1.80 level.
Subsequent support @ RM1.70 level.
If break down RM1.80 support, another new low record been form, it might be facing selling pressure.
Let's watch closely.
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