UEMLand’s upward movement is showing sign of weakness with MACD showing a bearish divergence. In addition the candlestick patterns over the last few days have been showing a lot of upper shadows which illustrates that bears are winning more often than not in the daily battles. With RSI at extreme overbought, investors holding UEMLand should be cautious. UEMLand may be supported at RM1.50 with a stronger support at RM1.25.