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2011-06-10

UMW Test Market For High Price Fail!



















Yesterday UMW test market for high price, fail as the price rejected by the market so this mean UMW will go sideways for some time and the support is at RM7.00 however this support is not a strong level.

In any bad market situation, UMW will dip below RM7.00. Big investor may test the market again or sometime they may give out on this share. Long term investment in UMW still go but not short term.

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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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