WEEKLY
Strong Bullish green candle, are we going to see a higher push up to the trendline resistance ?
UMW has yet to break out from their long term downtrend.
We can also see that UMW form a double bottom - expected price to run up to Rm3.6x testing Trendline Resistance
UMW has also formed a double bottom on trend line, expected to run up a couple of bips before TP levels
RSI: Weekly RSI shows the entering of overbought area. Would look for UMW to retrace back
Buying opportunity in the Daily, Short therm uptrend.
Strong Bullish green candle, are we going to see a higher push up to the trendline resistance ?
UMW has yet to break out from their long term downtrend.
We can also see that UMW form a double bottom - expected price to run up to Rm3.6x testing Trendline Resistance
UMW has also formed a double bottom on trend line, expected to run up a couple of bips before TP levels
RSI: Weekly RSI shows the entering of overbought area. Would look for UMW to retrace back
Buying opportunity in the Daily, Short therm uptrend.