UEMLAND BUY SIGNAL NOW?

UEMLAND STOCK CODE 5148

uemland Note that there price adjustment for UEMLAND few days back, so after x-date:
The major support now is at 1.15 .The pivot zone to for valid rebound buy signal is now 1.40-1.35 zone

Both are the same level as in my previous outlook. RM1.40-RM1.35 zone is also a Fibonacci 38% retracement zone.
All my outlook on UEMLAND maintain as in previous blogpost. More details in that post, please read it here: UEMLAND WAKING UP

Latest, it already rebound at 1.41 low, last close price RM1.50 (last Friday).
I will say the rebound is a valid buy signal, which I expect the UEMLAND shall heading over  RM1.65. (minimum target - that based on Elliot wave counting)

The RM0.15 reward probably not so attractive especially if you haven't buy yet. Not sure what what price you will get in the next few days. But if UEMLAND can break RM1.65 (minimum target) resistant, I think it can go far. That made it attractive.

The support zone (RM1.40-RM1.35)  is the sign of weakness level to watch out.

below:
UEMLAND chart (click to enlarge):

uemland-technical-analysis

UEMLAND STOCK CODE 5148

uemland Note that there price adjustment for UEMLAND few days back, so after x-date:
The major support now is at 1.15 .The pivot zone to for valid rebound buy signal is now 1.40-1.35 zone

Both are the same level as in my previous outlook. RM1.40-RM1.35 zone is also a Fibonacci 38% retracement zone.
All my outlook on UEMLAND maintain as in previous blogpost. More details in that post, please read it here: UEMLAND WAKING UP

Latest, it already rebound at 1.41 low, last close price RM1.50 (last Friday).
I will say the rebound is a valid buy signal, which I expect the UEMLAND shall heading over  RM1.65. (minimum target - that based on Elliot wave counting)

The RM0.15 reward probably not so attractive especially if you haven't buy yet. Not sure what what price you will get in the next few days. But if UEMLAND can break RM1.65 (minimum target) resistant, I think it can go far. That made it attractive.

The support zone (RM1.40-RM1.35)  is the sign of weakness level to watch out.

below:
UEMLAND chart (click to enlarge):

uemland-technical-analysis

1 comments:

Aree said...

UEM Group Bhd is set to face the Federal Court again in a case against its
former joint venture partner, Singaporean Genisys Integrated Engineers Pte Ltd.
(Bernama)