Having broken below the RM1.58 'Resistance-Turned-Support' at the end of last week, UOA Development ("UOAD") extended its loss on Monday to close at RM1.51 for a 3 sen decline. The share price is now a whisker away from the upward sloping trendline at RM1.50, a crucial support that had been tested on six separate occasions. At this level, we would expect some degree of bargain hunting, and a possible rebound should the support hold up against further selling pressure. That said, confirmation of a bullish reversal is required before we advocate a buy on the stock. On the flipside, a decisive violation of the trend line would signal the end up the uptrend and hence traders should continue watching the stock closely.