- 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.
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