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United Overseas Bank ST: the upside prevails as long as 23.6 is support
Trading Central | 2017-10-18 01:34:00

Alternative scenario: the downside breakout of 23.6 would call for 23 and 22.7.

Our pivot point is at 23.6.

Our preference: the upside prevails as long as 23.6 is support.

Alternative scenario: below 23.6, expect 23 and 22.7.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 23.85 and 23.73). United Overseas Bank is currently trading near its 52 week high reached at 24.6 on 27/07/17.

Supports and resistances:
25.9 **
25.5 *
25.2 **
24.9
24.08 (SGD-last)
23.8
23.6 **
23 *
22.7 **

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