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United Overseas Bank ST: as long as 23.6 is support look for 25.7
Trading Central | 2017-08-09 07:30:00

Alternative scenario: the downside breakout of 23.6 would call for 22.8 and 22.4.

23.6 is our pivot point.

Our preference: as long as 23.6 is support look for 25.7.

Alternative scenario: below 23.6, expect 22.8 and 22.4.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 24.07 and 23.54). United Overseas Bank is currently trading near its 52 week high reached at 24.6 on 27/07/17.

Supports and resistances:
26.6 **
26.2 *
25.7 **
25.3
24.27 (SGD-last)
23.9
23.6 **
22.8 *
22.4 **

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