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  1. Indices
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Straits Times 3,488.46 -27.77 -0.79%
Hang Seng 30,965.68 -466.21 -1.48%
Dow Jones 24,797.78 -166.97 -0.67%
Shanghai Composite 3,268.56 +69.40 +2.17%
United Overseas Bank ST: the upside prevails as long as 24.2 is support
Trading Central | 2017-11-02 00:12:00

The configuration is positive.

Our pivot point stands at 24.2.

Our preference: the upside prevails as long as 24.2 is support.

Alternative scenario: below 24.2, expect 23.6 and 23.3.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 24.36 and 23.86). United Overseas Bank is currently trading near its 52 week high reached at 25 on 27/10/17.

Supports and resistances:
26.7 **
26.3 *
26 **
25.6
24.86 (SGD-last)
24.4
24.2 **
23.6 *
23.3 **

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