UMW Oil & Gas Corporation Berhad (5243)
Observation from Chart:-
UMWOG (5243) succeed rebound @ RM0.28 level.
Will it breakout downtrend resistance line & go higher?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.
Immediate support @ RM0.28 level.
If break immediate support, lower low is confirm.
Immediate resistance @ RM0.37 level.
Subsequent resistance @ RM0.40 level.
Let's watch closely.
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