Tuesday, March 7, 2017

Technical Analysis Mar 2017: UEMS (5148)


UEM SUNRISE BERHAD 

Observation from Chart:-

UEMS forming higher high & higher low.

Today bullish momentum succeed breakout upper resistance line.

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

Immediate support @ RM1.18 level.
Subsequent support @ RM1.12 level.

Immediate resistance @ RM1.23 level.
Subsequent resistance @ RM1.35 level.

Let's watch closely.

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