Uni Asia Finance 300508

It has been 2 months since I last talked about Uni Asia Finance. Let's take a look at what has happened to Uni Asia Finance since.

Ever since hitting a peak of 0.860 on 24 apr, it has been downtrend for Uni Asia Finance, culminating with the formation of a Gravestone Doji on 22 may. The next day saw Uni Asia Finance breaking the downtrend support (mid red).

Uni Asia Finance even broke the 0.720 support (pink --) on the beginning of the week (26 may). The next support for Uni Asia Finance, based on volume distribution, looks to be around the 0.675 - 0.680 region (blue --).

If Uni Asia Finance breaks this support (blue --), we might see it testing the long term downtrend support (low pink) at the 0.645 level.



For monday :

Support @ 0.675 (low blue, blue --), 0.670 (low red), 0.645 (low pink)
Resistance @ 0.720 (mid red, pink --), 0.730 (upp pink), 0.745 (upp blue), 0.775 (red --)

Good Luck !!

Uni Asia Finance 280308

Uni Asia Finance came to within a whisker of the long term downtrend support (red) on 20 mar. Thereafter, Uni Asia Finance managed to recover and is now trading within the uptrend channel (blue).



Uni Asia Finance also broke the downtrend resistance (upp pink --) on 25 mar, and another resistance (upp green) today. On both days, the break out was with volume.

If Uni Asia Finance continues to trade within the uptrend channel (blue), we might see it testing the 0.760 psychological resistance (blue --) next week.

For tomorrow :

Support @ 0.713 (upp green), 0.660 (low blue), 0.6116 (mid green), 0.567 (low pink, upp pink --)
Resistance @ 0.736 (upp red --), 0.760 (blue --), 0.791 (upp blue), 0.800 (upp pink)

Good Luck !!

Uni Asia Finance 170308

There was indeed a reversal, but it was short-lived. Uni Asia Finance could not sustain the momentum and broke the uptrend support (low green) on 13 mar.

(Please note that the volume is wrongly indicated)

However, Uni Asia Finance is still trading within the downtrend channel (pink --). And if it continues to do so, we might see Uni Asia Finance testing the 0.600 level soon.

For tomorrow :

Support @ 0.6228 (mid pink), 0.6018 (low pink), 0.578 (low pink --), 0.550 (red)
Resistance @ 0.6845 (low green), 0.6944 (upp pink --), 0.7252 (upp green), 0.760 (blue)

Good Luck !!

Uni Asia Finance 070308

Uni Asia Finance traded below the uptrend support (low green) today, forming a Doji. For confirmation of a reverse signal, we would need to see Uni Asia Finance gapping up on monday and close higher.



If that doesn't happen, we might see Uni Asia Finance continue to trade within the downtrend channel (pink --), and testing the 0.600 level.

For monday :

Support @ 0.628 (red), 0.620 (low pink --), 0.581 (upp red --)
Resistance @ 0.663 (mid pink --), 0.677 (low green), 0.7177 (upp green), 0.7376 (upp pink --)

Good Luck !!

Uni Asia Finance 050308

Uni Asia Finance looks to have completed the Head and Shoulders formation as discussed on 29 feb. Neckline looks to be around the 0.680 level.



Would we see Uni Asia Finance test the 0.635 low of 22 jan?

For tomorrow :

Support @ 0.676 (low green), 0.6622 (low pink --), 0.650 (red), 0.600 (upp red --)
Resistance @ 0.700 (mid pink --), 0.7154 (upp green), 0.760 (blue, low pink)

Good Luck !!

Uni Asia Finance 290208

We saw Uni Asia Finance climbing above the psychological resistance (blue) of 0.760 on 29 feb, after opening below the downtrend support (low pink --) and very close to the long term downtrend support (red).



However, volume was very thin so I wouldn't put too much thought into today's higher closing. If you look at the chart, Uni Asia Finance could very well be on its way to forming a Head and Shoulders formation as discussed on 26 feb.

I've also added a short term uptrend channel (green) to see if this Uni Asia Finance can maintain its momentum.

For monday :

Support @ 0.760 (blue), 0.730 (low green), 0.7206 (low pink --), 0.687 (red)
Resistance @ 0.7784 (upp green, low pink), 0.820 (mid pink), 0.836 (upp pink --)

Good Luck !!

Uni Asia Finance 280208

Right after our discussion on 26 feb, Uni Asia Finance broke the short term uptrend support (light blue) and long term downtrend support (low pink). Uni Asia Finance even closed below the psychological support (blue) of 0.760 today.



I've also added a short term downtrend channel (pink --). From the chart, we can see that if Uni Asia Finance continues to trade within this channel, we might see it testing the long term downtrend support (red) soon.

For tomorrow :

Support @ 0.7411 (low pink --), 0.700 (red)
Resistance @ 0.760 (blue), 0.7844 (low pink), 0.829 (mid pink)

Good Luck !!

Uni Asia Finance 260208

Uni Asia Finance broke the downtrend (low pink) and uptrend support (low light blue) of 0.852 today.



It also seems that Uni Asia Finance is forming a Head & Shoulders formation, with 20 feb till today being the head part.

If you look at 14 jan, Uni Asia Finance went on a free fall after hitting the 0.880 level. Watch for the 0.760 support too.

For tomorrow :

Support @ 0.80 (low pink), 0.760 (blue), 0.725 (red)
Resistance @ 0.842 (mid pink), 0.869 (low light blue), 0.932 (mid light blue)

Good Luck !!

Uni Asia Finance 200208

After our discussion on 15 feb, Uni Asia Finance did go on and break the 0.760 psychological resistance on 18 feb. However, it did not manage to break the long term downtrend resistance (red), and short term uptrend resistance (mid light blue).



The real signal came on 19 feb when Uni Asia Finance broke the 2 resistances (red, mid light blue) with volume. I've a feeling the next psychological support/resistance would be around the 0.880 level (14 jan low).

For tomorrow :

Support @ 0.875 (low pink), 0.860 (mid light blue), 0.80 (low light blue), 0.772 (red)
Resistance @ 0.986 (upp pink), 1.00 (upp light blue)

Good Luck !!

Uni Asia Finance 150208

Uni Asia Finance tested the 0.760 psychological resistance thrice this week. Will it be able to break out of this resistance after spending more than 3 weeks trading below this resistance.



I've added a short term uptrend channel (light blue). If Uni Asia Finance can maintain within this channel, we might see it testing the long term downtrend resistance (red) very soon.

For monday :

Support @ 0.7445 (low light blue), 0.7288 (upp red --), 0.635 (mid red --)
Resistance @ 0.760 (psy resist), 0.810 (red, upp light blue)

Good Luck !!

Uni Asia Finance 060208

Nothing much has changed for Uni Asia Finance as it is still trading within the downtrend channel (red --).



Uni Asia Finance will first have to break above the long term uptrend support (blue) before it has any chance of reversing its downtrend.

For monday :

Support @ 0.6235 (low red --), 0.584 (red ...)
Resistance @ 0.682 (upp red --), 0.7578 (blue)

Good Luck !!

Uni Asia Finance 010208

Uni Asia Finance broke below the short term support (low green) which I added on 25 jan. It is also currently trading below its 0.760 psychological support.



From the chart, I believe Uni Asia Finance should probably be trading within the downtrend channel (red --). Watch for any breakout with volume.

1 Feb volume - 1,406 lots

For monday:

Support @ 0.638 (low red --), 0.611 (red ...)
Resistance @ 0.712 (mid red --), 0.760 (blue --), 0.812 (upp red --)

Good Luck !!

Uni Asia Finance 250108

Not only did the support (low red) hold well, we even saw Uni Asia Finance close right on the psychological support of 0.760 today.



I've added a short term uptrend channel (green) as it remains to be seen if Uni Asia can maintain its upward momentum on monday.

For monday :

Support @ 0.700 (upp pink), 0.608 (mid pink)
Resistance @ 0.766 (low red - -), 0.844 (green), 0.857 (mid red - -)

Good Luck !!

Uni Asia Finance 220108

As discussed on 18 jan, after Uni Asia Finance broke through the 0.760 support on 21 jan, we saw Uni Asia trading in the lower downtrend channel (low,mid pink).



The next important support would be the long term downtrend support (low red). If this breaks, we might see Uni Asia heading for the 0.50, as indicated by the lower pink trendline.

For tomorrow :

Support @ 0.615 (low red), 0.600 (low pink)
Resistance @ 0.700 (mid pink), 0.760 (blue - -), 0.784 (upp pink), 0.886 (low red - -)

Good Luck !!

Uni Asia Finance 180108

Uni Asia Finance may have found support @ 0.760, which is the low on 4 dec 07. However, from the chart, you can still that it is still on the downtrend.



If the support (blue - -) breaks again, we might even see Uni Asia testing the 0.60+ level.

For monday :

Support @ 0.760 (mid pink, blue - -), 0.665 (low pink), 0.635 (low red)
Resistance @ 0.840 (upp pink), 0.905 (low red - -)

Good Luck !!

Uni Asia Finance 070108

Uni Asia Finance seems to have lost a little upward momentum, as it has slipped into the downtrend channel (red dotted).



Moreover, it has slipped below the uptrend support (blue), and long term downtrend resistance (upper red).

For tomorrow :

Support @ 1.0407 (lower red dotted), 0.9838 (lower red)
Resistance @ 1.1066 (upper red dotted, blue converge), 1.1635 (upper blue)

Good Luck !!

(photobucket is taking almost forever to upload the charts)

Uni Asia Finance 020108

Uni Asia Finance has been on the uptrend ever since it broke above 2 resistance lines on 26 dec.



Uni Asia Finance just about fell short of hitting its uptrend resistance for the last 2 trading days.

For tomorrow :

Support @ 1.13, 1.11, 1.05, 1.02
Resistance @ 1.21, 1.25

Good Luck !!

Uni Asia Finance 211207

Another one of those 'cornered' counters. Chart shows the support and resistance for Uni Asia Finance meeting @ 1.03 (brown and light blue intersecting).



For Monday :

Support @ 0.954 and 0.922
Resistance @ 1.048 and 1.145

Good Luck !!

Uni Asia Finance 141207

From the chart, you can see that Uni Asia hit the resistance @ 1.18 on 13 dec, which was where the downtrend resistance (red dotted) and long term downtrend resistance (red) met.



On 14 dec, Uni Asia touched and closed on the long term downtrend support of 1.05 (green). If that breaks, next support would be at 1.00 (6 dec low).

For Monday :

Support @ 1.03
Resistance @ 1.11 (red dotted) and 1.15 (red)

Good Luck !!