UEM SUNRISE BERHAD
Long
Updated

UEMS Elliott Wave: Wave (iii) Setup in Progress

115
UEMS Elliott Wave Update: Price completed a 5-wave move, peaking at 1.19 MYR, followed by an ABC correction to 0.81 MYR (key support). Holding above 0.81 MYR may trigger wave (iii) towards 1.50 MYR. A break below invalidates the count. #ElliottWave
Trade closed: stop reached
Price have reached the invalidation level RM 0.810, indicate that UEMS still in correction wave. Downside target likely around RM 0.60 - RM 0.50. We will keep monitor this stock.

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