Bursa Malaysia (KLSE) Daily Info Edge Zone
A Good Entry Point For UMW
Durian Edge
Publish date: Fri, 22 Apr 2011, 11:59 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
UMW is a good fundamental stock, the share price had been mak up by end of year 2010 till Jan 2011 before the dividend be issued, after that the price dip from RM7.60 to now above RM7 after about 3 months time.
Base on the chart, UMW is in oversold position so now is a good entry point to this share. If you compare the chart pattern with PBBANK, you may found this two share a above same trading pattern.
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