SG Stocks To Watch (UOB)

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.

SG Stocks To Watch (DBS, UOB & OCBC)

The banks has recently generated heightened interest from the retail investment and trading side due to its short term rally. Lets take a closer look at their development at current junction.

UOB: Bearish Setup (Short Sell)!

Bearish Signal: Confirmation of broken horizontal support Entry price: $19.74 with volume exceeding 1.5 million by 12pm! Stop loss: $20.07 Profit target: $19.2 Reward to risk ratio: 1.6 Do like my facebook page https://www.facebook.com/jeffsunh for FREE High Probability Trading Excel Sheet and more trading calls! PS: there are only 8 seats left for the next seminar on 9th February (Sunday) !...