Friday, November 29, 2019

UOB - Trading within a Range

  • UOB is trading between the range 24.30 to 27.00. After touching 27.00 level in early November it has retraced to its 200-day MA support level.
  • The current pullback could continue towards the next support at 25.4.
  • A break below 25.40 could trigger a downward move toward 24.30 which will offer an opportunity to accumulate new long position in anticipation of a rebound.
All posts and charts are for educational and illustration purposes only

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.