After a month of trading sideways, UEM Land is now at its tipping point as the 20, 50 and 100 day moving averages has started to converge which suggests that a “big move” may occur soon.  Studies from indicators imply a bearish bias going forward. The MACD trend indicator remains weak below its signal line, trending down below the centerline; in addition the MFI oscillator has breached below the 50% neutrality level and is inching downwards towards the 20% oversold level which suggest that downside momentum is building up. Watch out for its immediate support at RM1.53 and a violation below it with high volume may trigger a slide towards the next technical support at RM1.28. The resistance barrier at RM1.71-RM1.80 may cape the upward movement for now. However a break above it may set sight on the next resistance at RM2.01.