This is a trading call. If the share dropped back below RM1.80 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: UEM Builder's monthly chart as at Feb 6
Wednesday, February 07, 2007
UEM Builder has a breakout
UEM Builder has been range-bounced between RM0.40 & RM1.80 since 1998. It appears to have broken above this range today when it reached RM1.90 at 3.05 p.m. If this breakout can sustain, the stock may go to the RM2.50-3.00 level. Its immediate resistance after the breakout will be the psychological RM2.00.
This is a trading call. If the share dropped back below RM1.80 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: UEM Builder's monthly chart as at Feb 6
This is a trading call. If the share dropped back below RM1.80 in the next day or two, it would be advisable to dispose it, especially if the market were to weaken noticeably.
Chart: UEM Builder's monthly chart as at Feb 6
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