For the past 2-3 weeks, we are seeing a few 2nd liner property stocks rising, such as Landmark & A&M. Today, I like to highlight UOADev which had broken above its intermediate downtrend line 3 weeks ago at RM2.15. The rise was capped at RM2.20 in early March. Two days ago, UOADev broke above its horizontal resistance at RM2.20. This could signal the start of its upleg.
Chart: UOADev's weekly chart as at Mar 11, 2015_11.00am (Source: ShareInvestor.com)
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.
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