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UEM SUNRISE BERHADUEM SUNRISE BERHADUEM SUNRISE BERHAD

UEM SUNRISE BERHAD

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UEMS trade ideas

UEMS in wave 3Looking at the chart for UEM Sunrise Berhad, here's my analysis: Current Price Action: - Trading at RM1.16, up 9.43% - Strong breakout from recent consolidation - Price moving above all major moving averages Elliott Wave Analysis: - Completed waves I through IV - Currently in early stages of wave V - Wave V target projected at RM1.38 (1.618 Fibonacci level) Key Technical Levels: 1. Support: - Strong support at RM0.92 (wave IV low) - Secondary support at RM1.05 (recent consolidation base) - Moving averages providing dynamic support 2. Resistance: - First resistance at RM1.29 (1.272 Fibonacci) - Major resistance at RM1.57 (2.272 Fibonacci) - Previous high around RM1.38 (1.618 Fibonacci) Volume Analysis: - September 2024: MYR25.914M (+124.51%) - June 2024: MYR-105.723M (-245.80%) - Recent volume spike supporting breakout move Trading Considerations: - Breakout confirmed with volume - Stop loss could be placed below RM1.00 - Risk/reward favorable for wave V target - Momentum indicators showing strong buying pressure
MYX:UEMSLong
by pengamalgelombang
UEMS (5148) - PropertyUEMS - Current price : RM1.08 Fundamentally broker house RHB Investment BHD give a target price of RM1.60 (19 OCT 2024 reports). The research house expect demand for property will continue to be driven by : i) Better economic growth outlook, ii) Influx of foreign and domestic direct investments iii) Return of tourist arrivals iv) Easing of the Malaysia Second Home programme v) Major instructure developments Technically there is a Falling Window (Gap Down) on 01 Aug 2024. As such, it may acts as a strong resistance. A breakout above that Falling Window resistance level RM1.10, may propel the share price towards RM1.20 and RM1.28 (52 Weeks High). Based on ICHIMOKU, price manage to trend higher above CLOUD and CHIKOU LINE crosses up the cloud. This two scenario added more the BULLISHNESS outlook for the stock. Lets monitor closely ! A breakout above RM1.10 , will trigger a buy signal. Entry price at RM1.11 and our support will be EMA 50.
MYX:UEMSLong
by IMRAN_96
Time Cycle Analysis: UEMSTime Cycle Analysis: UEMS above 0.89 is bullish, below 0.89 is bearish. On 8 April 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture, it will be associated with bad qi. Based on visual inspection, under base-case scenario the descending flight 5148 will touchdown around 18 April 2024 (RM1.07) and ready for takeoff or under worst-case scenario (i.e. US market crashed on 8 April 2024) flight 5148 will touchdown around 21 May 2024 (RM1.00) and ready to takeoff again. Bon voyage! Safe travels and may your journey be filled with beautiful moments.
MYX:UEMS
by Yang358
UEMS, potential trend continuation1. The price has recently shown a pattern of moving to higher highs and higher lows, and it is currently establishing a strong base of support above the 0.705 mark, which is higher than the previous low. 2.The occurrence of a substantial increase in trading volume at the 0.705 level indicates that the price might be able to sustain itself at this level. 3. Considering the current situation, the level at which the price is situated presents a low-risk opportunity, especially as it is close to the support level. This suggests that there may be a relatively stable trading environment, at least in the short term.
MYX:UEMSLong
by FakhruddinFazil
Uems - the beginning of trend ending? 🤔Broken the ema line which is not a good sign. Looking for support around 490? But it seems like just a butterfly 🦋 effect. Maybe op for next counter rather than risk own capital. Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MYX:UEMSShort
by DSELE99