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Sunday, August 14, 2011

UEMLAND look like discount buy

Thanks for the Dow jones retracement and UEMLAND seems to be cheap now.

1) Trendline - Broke below the uptrend line and going downtrend(Bearish)
2) Formed lower low -  (Bearish)
3) MACD -  Formed 4R1G ( Bullish)
4) RSI - If break 30% and above it will be bullish
5) Sto -  Broke above 20% with bullish crossover ( Bullish)
6) ADX - low momentum and bearish ( BEarish )

4 Points

       2 Points

Winner Bear ( Throw down wrestling style)

It is still bearish due to whole market sentiment had badly impacted and causing all stock to retraced badly but this could be a potential discount buy if the market sentiment becomes stable back.

Entry Price  2.4
Resistance at 2.45, 2.53 and 2.57
Support at 2.2
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

1 comment:

  1. Wijaya might test 78 cent( previous high) a break of 78 cent would push Wijaya to 90 cent level..Ling Hee Liong and MBF gang accumulating