Wednesday, May 18, 2016

Stock Watch : UMW (code : 4588)

Weekly chart of UMW ... waiting for Friday for the completion of the third candle.

Daily chart of UMW ... going below RM5.70 today. It came down from the peak of RM13.50, by the way. BUY and HOLD not applied in 2016? Imagine market crashing ... UMW could be at RM3 or below, right?

Cut-loss WAS at RM6.50 when it broken the strong support (check weekly chart above).

Note : To me ... it is watch and no catching at the moment. I am eyeing to technical rebound.


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