Tuesday, April 02, 2013

UOADev- uptrend could accelerate

UOADev has just broken above its upward channel at RM2.15. With this breakout, UOADev's gradual uptrend could accelerate. Its next resistance will be its initial high of RM2.45 recorded on its listing date.

Based on the technical breakout, UOADev could be a good trading BUY.

Chart: UOADev's daily chart as at Apr 2, 2013_3:00pm (Source: Quickcharts)

In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, UOADev.

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