Monday, July 19, 2010

UEMLand may have a bullish breakout

UEMland has just broken above its trading range at RM1.60. This could signal the continuation of its prior uptrend. Its immediate resistance would be at the high of RM1.70 recorded in June 2009.


Chart: UEMLand's weekly chart as at July 19, 2010_10.10am (Source: Quickchart)

Based on the bullish breakout, UEMland could be a good trading BUY. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
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5 comments:

  1. David ChanMonday, July 19, 2010 1:26:00 PM

    Any uptrend for SCOMI, Mr Alex ?Appreciate your comment.

    ReplyDelete
  2. East Point TradingMonday, July 19, 2010 2:04:00 PM

    Hi Alex

    Did you know any software program for Malaysia share chart analysis have Volume Spread Analysis indicator?

    Thanks

    ReplyDelete
  3. Alex LuMonday, July 19, 2010 2:07:00 PM

    Hi David Chan

    SCOMI is on the verge of an upside breakout above its long-term downtrend line at RM0.43-45.

    ReplyDelete
  4. Alex LuMonday, July 19, 2010 2:08:00 PM

    Hi Durian Edge,

    I have no idea of any software program with Volume Spread Analysis indicator. I can't help you. Sorry.

    ReplyDelete
  5. SureWinMonday, July 19, 2010 4:24:00 PM

    Hi Alex,

    What would u think of Scomi Engineering's recent performance?

    Thx.

    ReplyDelete