UMWOG (5243) : Technical Analysis Dec 2014: UMWOG (5243)
Observation from Chart:-
UMWOG (5243) consolidate side way?
Will it rebound @ this level?
Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, pending trigger BUY call.
Immediate support @ RM2.30 level.
Subsequent suport @ RM2 level.
Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.88 level, which is MA20.
Let's watch closely.
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