UMW Oil & Gas Corporation Berhad (5243)
Observation from Chart:-
UMWOG (5243) forming lower low & lower high.
How low will it go?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate support @ RM1.50 psychology level.
Subsequent suport @ RM1.00 psychology level.
Immediate resistance @ MA20 level.
Subsequent resistance @ RM1.80 level.
Let's watch closely.
Friday, July 10, 2015
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