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United Overseas Bank ST: the downside prevails as long as 24.2 is resistance
Trading Central | 2017-08-30 00:19:00

Alternative scenario: the upside breakout of 24.2 would call for 24.8 and 25.2.

Our pivot point stands at 24.2.

Our preference: the downside prevails as long as 24.2 is resistance.

Alternative scenario: above 24.2, look for 24.8 and 25.2.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 23.92 and 23.68). United Overseas Bank is currently trading near its 52 week high reached at 24.6 on 27/07/17.

Supports and resistances:
25.2 **
24.8 *
24.2 **
24
23.67 (SGD-last)
22.8
22.5 **
22.1 *
21.7 **

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