UMS

UMS - 19th June 2014 -All 3 indicators such as MACD,RSI & Stochastic are indicating oversold position from TA point of view. Its NAV of 58 cents + dividend of around 5 - 6.5 cents giving a yield of 9 - 12% is worthwhile to take a second look at this counter. A solid company + zero debts seem undervalue. It will be good to accumulate on any further weakness. May be 52 to 52.5 cents will be a good entry price to consider.(trade base on your own decision)

UMS - 10th June 2014 - Ums is rather bearish as reflected from TA point of view.After ex.Bonus on 5th June it continue to slide lower.All 3 indicators such as MACD,RSI & Stochastic still trending downwards which is rather negative.Have noticed from the chart that it had hovered around 42 to 50 cents for the past 9 months before edging higher to hit the high of 76.8 cents. Seems like it may continue to drift lower towards 55 cents then 50 cents.(trade base on your own decision)