KL Trader Investment Research Articles
Daily Trading Idea - UMWOG – MYR2.11 TAKE PROFIT (TECHNICAL)
UMWOGmade a major Wave 4 high of MYR2.86(4Feb2015) with grossly overbought and bearish signals. Allits negative chart signals above suggest an imminent downward decline. It is likely to break lower, as it breached its key supports in a bearish downward Wave 5 move.
TAKE PROFIT (TECHNICAL)on rallies forUMWOG, with weaker support and clear downward target areas of MYR2.00,MYR1.52and MYR0.68.
Source: Maybank Research - 17 Mar 2015
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beastkot123
What a ridicolous tech anlys..downward target to 68sen..hallo friend...we are talking about umw oil n gas..not some lousy crappy company..
2015-03-21 12:29