Wednesday, September 3, 2014

Technical Analysis Sept 2014: ULICORP (7133)

UNITED U-LI CORPORATION BHD (7133) 

Observation from Chart:-

ULICORP (7133) retrace down retest RM1.70 bolinger band support level.

Will it rebound?

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

Immediate support @ RM1.71 level.
Subsequent support @ RM1.63 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM1.83 level.

Let's watch closely.

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