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United Overseas Bank ST: below its lower Bollinger band
Trading Central | 2018-10-11 22:53:00

The MACD is negative and below its signal line.

25.9 is our pivot point.

Our preference: the downside prevails as long as 25.9 is resistance.

Alternative scenario: above 25.9, look for 26.5 and 26.9.

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 26.45 and 26.72). Finally, United Overseas Bank has penetrated its lower daily Bollinger band (25.41). United Overseas Bank is currently trading near its 52 week low at 23.84 reached on 17/10/17.

Supports and resistances:
26.9 **
26.5 *
25.9 **
25.7
25.23 (SGD-last)
24.3
23.9 **
23.6 *
23.2 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-12-2018 at 00:53 UTC+1
Price reference: 25.23 last known on 10-12-2018 at 00:53 UTC+1
Investment horizon: ST

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