UMW - Breakout?

UMW Weekly Chart 29 Jul 09

UMW Daily Chart on 29 Jul 09

UMW finally traded above its RM6.20 resistance line after closing above it on relatively high volume on 28 Jul 09. Pattern of higher highs and lows supported by MACD lows getting higher suggested that UMW could be testing its next resistance level at RM6.85.

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Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and information presented in this blog.