Sunday, January 24, 2016

Technical Analysis Jan 2016: UEMS (5148)

UEM SUNRISE BERHAD

Observation from Chart:-

UEMS forming lower high & lower low.

When will it rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K trigger BUY call, pending confirmation.

Immediate support @ RM0.95 level.
Subsequent support @ RM1.14 level.

Immediate resistance @ RM1.03 level.
Subsequent resistance @ RM1.18 level.

Let's watch closely for breakout downtrend resistance level.

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