UEMSmade a major daily Wave 4 high of MYR1.44(27Feb2015) with grossly overbought and bearish signals. All of its negative signals above suggest a very strong daily downtrend. It is likely to break into lower territory, as it breached its key support areas in a very clear Wave 5 plunge.

TAKE PROFIT(TECHNICAL)on rallies for UEMSwith very weaksupports of MYR1.03and MYR1.11as well as cleardownsidetarget areas of MYR1.10, MYR0.86and MYR0.50

Source: Maybank Research - 22 May 2015