Friday, 15 June 2012 UMW – Stock Pick

Friday, 15 June 2012 UMW – Stock Pick



UMW ( 4588 : 8.40 ) : Take profit

Description

Resistance : 8.50

Support : 8.22

RSI of 78
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 7/6/2012 buy at 8.08, it has hit the target of 8.40. As technicals are overbought, we are calling to take profit.


Trading Strategy
Take profit

Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.

Thursday, 7 June 2012 UMW – Stock Pick

Thursday, 7 June 2012 UMW – Stock Pick



UMW ( 4588 : 8.05 ) : Targeting 8.40/Stop loss 7.90


Description


Resistance : 8.40 8.60




Support : 7.90


RSI of 66
RSI remains firm


STOCHASTIC
It is on an upswing


Comment
The current uptrend is heading for 8.40, and 8.60


Trading Strategy
Buy. Stop loss is at 7.90


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without notice.




notice.