UOB Singapore Buy and Hold #debadipb #profitsolutions
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Prices are testing support in line with our ascending trend line where we could see a bounce here
United Overseas Bank Limited (UOVEY) will continue to go up and is expected to report high earnings in May 7th
Prices are facing bullish pressure where we could see a further upside above this level.
Prices could push lower before it reaches our buy entry, in line with our graphical support area, 78.6% fibonacci extension and 78.6%, 127.2% Fibonacci retracement where we could see a bounce above this level.
Price is approaching resistance in line with our graphical resistance area and 50% fibonacci retracement where we could see a further drop below this level.
Price is approaching our first resistance in line with our horizontal overlap resistance, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level to our first support target.
Price is facing bearish pressure from our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Price is approaching our first support in line with our 50% retracement, 100% extension and horizontal pullback support where we could see a bounce above this level to our take profit target.
Price is approaching a support level and a break above our descending trend line would provide room for a further upside. These are the key levels for me now.
upcoming up earnings 4 Nov 20
Have been seeing it consolidating bet $19 - $19.50 for almost a month. Breaking out $19.50 should see it start trading within the range of $19.50 - $20
Price broke the descending trend line, a break that we have been waiting for, we could be seeing a further bounce above this level.
Price bounced off a key support level and a break above our descending trend line could provide the bullish confirmation. I will only consider a long position after this trend line has been broken.
Price is approaching a key support level and a break above our descending trend line could see room for further upside.