Reference is made to our posting yesterday [ UMWOG ] 3 Reasons Why We did not Cut Loss, and instead Accumulated More
As predicted, today it rebounded beautifully after resting exactly on 50 days EMA, and after the selling climax yesterday.
Today it formed a bullish harami, with high volume which is a confirmation that the rally will continue next Monday.
Along with more than 2 million lots of unfulfilled buyer orders, we expect a further gap up next Monday.
The rounding bottom rally of UMWOG is still in tact with a TP of RM0.52 short term.
As predicted, today it rebounded beautifully after resting exactly on 50 days EMA, and after the selling climax yesterday.
Today it formed a bullish harami, with high volume which is a confirmation that the rally will continue next Monday.
Along with more than 2 million lots of unfulfilled buyer orders, we expect a further gap up next Monday.
The rounding bottom rally of UMWOG is still in tact with a TP of RM0.52 short term.
http://klse.i3investor.com/blogs/changwt/144817.jsp
