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United Overseas Bank ST: as long as 25.6 is support look for 27.6
Trading Central | 2017-12-29 01:25:00

The stock could retrace in the short term.

Our pivot point is at 25.6.

Our preference: as long as 25.6 is support look for 27.6.

Alternative scenario: below 25.6, expect 24.9 and 24.5.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 26.14 and 25.55). United Overseas Bank is currently trading near its 52 week high reached at 26.85 on 14/12/17.

Supports and resistances:
28.5 **
28 *
27.6 **
27.1
26.23 (SGD-last)
25.9
25.6 **
24.9 *
24.5 **

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