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