UEMS Possible Bull Run. Or continue to downside?Count intact until 0.275 or 0.350 is broken.
Bullish confirmation need to wait for breakout to upside.
Uems
UEMS CUP AND HANDLEMYX:UEMS
UPTREND
STRONG CLOSING WITH MARUBOZU CANDLE & SLOW TURTLE BUY
CUP AND HANDLE
BREAKOUT WITH VOLUME
FIFT SPIKE UP
MCDX SPIKE UP
BANKER ALMOST 50% & RETAIL LESS THAN 5%
ATOM SQUEEZE AND EXPAND
TRY TO USE LOWER TIMEFRAME TO ENTER OR ENTER NEAR 0.45
Similar pattern in UEM Sunrise (5148.kl)?Current chart pattern in UEM Sunrise last night is similar to Gadang (click link below).
- Price was on downtrend before being supported at RM0.655.
- It then move up and now hovering above 20MA.
- There are 2 possibilities:
a) If price hovers above RM0.69 with decreasing volume, we can expect price to move up.
b) If price breaks RM0.69, it means market is not ready to move up and may move sideways. Advise to monitor from the sideline.
- If it break the support at RM0.655, then the Downtrend continues.
Let's see how the price movement in the next few bars.
