Wednesday, July 13, 2016

Technical Analysis July 2016: UOADEV (5200)


UOA DEVELOPMENT BHD 

Observation from chart:-

UOADEV retest RM2.19 resistance level.

Will it breakout & go higher ?

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

Immediate resistance @ RM2.19 level.
Immediate support @ RM2.15 level.
Subsequent support @ RM2.13 level.

If breakout RM2.19 resistance, another new high record been form.
It might be kickoff another wave of uptrend.

Let's watch closely.

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