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2011-04-22

A Good Entry Point For UMW



















UMW is a good fundamental stock, the share price had been mak up by end of year 2010 till Jan 2011 before the dividend be issued, after that the price dip from RM7.60 to now above RM7 after about 3 months time.

Base on the chart, UMW is in oversold position so now is a good entry point to this share. If you compare the chart pattern with PBBANK, you may found this two share a above same trading pattern.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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