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United Overseas Bank ST: capped by a negative trend line.
Trading Central | 2018-06-29 09:16:00

Short positions below 28.00 with targets at 25.60 & 24.60 in extension.

Pivot: 28.00

Our preference: short positions below 28.00 with targets at 25.60 & 24.60 in extension.

Alternative scenario: above 28.00 look for further upside with 29.29 & 30.38 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
30.38
29.29
28.00
26.76 Last
25.60
24.60
23.56

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 06-29-2018 at 11:16 UTC+1
Price reference: 26.76 last known on 06-29-2018 at 11:16 UTC+1
Investment horizon: ST

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