UOADev rebounded off its long-term uptrend line support at RM1.90-2.00. This rebound could carry the stock to the horizontal resistance at RM2.20 & then at RM2.40.
Based on potential recovery, UOADev could be a good stock for a trading BUY
Chart: UOADev's weekly chart as at July 23, 2014 (Source: Tradesignum)
Note:
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.
1 comment:
hi alex, thanks for sharing.
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