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United Overseas Land ST: below its lower Bollinger band
Trading Central | 2018-05-16 23:28:00

The MACD is negative and below its signal line.

8.83 is our pivot point.

Our preference: the downside prevails as long as 8.83 is resistance.

Alternative scenario: above 8.83, look for 9.1 and 9.26.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 8.67 and 8.64). Finally, United Overseas Land has penetrated its lower daily Bollinger band (8.43).

Supports and resistances:
9.26 **
9.1 *
8.83 **
8.71
8.35 (SGD-last)
7.99
7.84 **
7.68 *
7.53 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-17-2018 at 01:28 UTC+1
Price reference: 8.35 last known on 05-17-2018 at 01:28 UTC+1
Investment horizon: ST

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