SG Stocks To Watch (UOB)

2016Sep-UOB-800x600

UOB (SGX:U11)

UOB is currently trading within a price congestion with a sequence of bearish reversal signals over the past week and closed today with another bearish shooting star, implying a potential exhaustion of its rally for a near term correction. The bearish signals also coincides with Bearish Stochastic Crossover. The confirmation of this sell down will be at the break of $17.99 support level, along with negation at $18.14 for further upside.

Jeffsun
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