UMW has surpassed its all-time high of RM8.70

I've posted in mid-November last year that UMW's uptrend might accelerate (here). Accelerate it did. UMW has just surpassed its all-time of RM8.70 recorded in February & April 1997. At 11.17 a.m. this morning, UMW was trading at RM8.90 (after gaining 55 sen). Let's see whether UMW can hold above the breakout level of RM8.70 over the next few days. If so, the stock might continue to go higher from hereon.


Chart: UMW's monthly chart as at Jan 30