Bursa Malaysia (KLSE) Daily Info Edge Zone
UMW Test Market For High Price Fail!
Durian Edge
Publish date: Fri, 10 Jun 2011, 03:57 PM
Durian Edge
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Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Yesterday UMW test market for high price, fail as the price rejected by the market so this mean UMW will go sideways for some time and the support is at RM7.00 however this support is not a strong level.
In any bad market situation, UMW will dip below RM7.00. Big investor may test the market again or sometime they may give out on this share. Long term investment in UMW still go but not short term.
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