Since UEMLand’s Initial Public Offering (IPO), it opened at RM0.50, it had a tremendous run to a recent high of RM1.11. Lately it has been showing signs of exhaustion with the bearish engulfing, shooting star and hanging man candlestick patterns showing up (see highlighted area). ADX is showing that the bull is still in control with stochastic in the overbought region. Support for UEMLand may be found at the 20-day moving average should the upward trend continue.