Sunday, October 25, 2015

Technical Analysis Oct 2015: UEMS (5148)

UEM SUNRISE BERHAD

Observation from Chart:-

UEMS open high & close @ RM1.27 resistance level.

Is that "fake" breakout?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call.

Immediate support @ RM1.20 level.
Subsequent support @ RM1.14 level.

Immediate resistance @ RM1.27 level.
Subsequent resistance @ RM1.42 level.

Let's watch closely for "real" breakout.

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