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United Overseas Bank ST: the downside prevails.
Trading Central | 2018-10-08 08:52:00

Short positions below 27.50 with targets at 25.55 & 24.65 in extension.

Pivot: 27.50

Our preference: short positions below 27.50 with targets at 25.55 & 24.65 in extension.

Alternative scenario: above 27.50 look for further upside with 28.50 & 29.30 as targets.

Comment: a break below 25.55 would trigger a drop towards 24.65.

Supports and resistances:
29.30
28.50
27.50
26.16 Last
25.55
24.65
24.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-08-2018 at 10:52 UTC+1
Price reference: 26.16 last known on 10-08-2018 at 10:52 UTC+1
Investment horizon: ST

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