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United Overseas Bank ST: key resistance at 25.80.
Trading Central | 2019-09-04 09:47:00

Short positions below 25.80 with targets at 24.20 & 23.40 in extension.

Pivot: 25.80

Our preference: short positions below 25.80 with targets at 24.20 & 23.40 in extension.

Alternative scenario: above 25.80 look for further upside with 26.40 & 27.00 as targets.

Comment: as long as the resistance at 25.80 is not surpassed, the risk of the break below 24.20 remains high.

Supports and resistances:
27.00
26.40
25.80
25.10 Last
24.20
23.40
22.95

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-04-2019 at 11:47 UTC+1
Price reference: 25.10 last known on 09-04-2019 at 11:47 UTC+1
Investment horizon: ST

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