Fool Trader KLSE Research
Stock Overview - UMW - 15 June 2012
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
Source:Jupiter Securities Research 15 June 2012
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