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Friday, May 17, 2019

UMS

TA Wise, looks super bearish!
After hitting the high of 81.5 cents, it has since corrected sharply and continue to go down to touch the recent low of 60.5 cents, looks rather negative .


The current price of 62 cents is staying below its SMA lines such as 20,50,100 & 200 days moving average, looks rather weak and may likely continue to trend lower.


Short term wise, I think it may retest 60.6/60 cents.
Breaking down with high volume that may likely see the price sliding down towards 54 cents level with extension to 46.5 cents.

Not a call to sell or buy.

Pls dyodd.


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