UEMLand may have a bullish breakout

UEMland has just broken above its trading range at RM1.60. This could signal the continuation of its prior uptrend. Its immediate resistance would be at the high of RM1.70 recorded in June 2009.


Chart: UEMLand's weekly chart as at July 19, 2010_10.10am (Source: Quickchart)

Based on the bullish breakout, UEMland could be a good trading BUY. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.