Support 1: 26.58 Resistance 1: 24.20
United Overseas Bank (SGX:U11) bullish rise has halted and as such, we are revising the take profit price of our long call to current spot price at 26.25. Based on the technicals, we believe that a bearish correction is imminent:
Stochastic overbought crosses. This signify the bulls are exhausted.
Red Line = Overbought at 80
Green Line = Oversold at 20
Blue line = 3 % K
Red Line = 3% K
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