Samurai Trader
2021-04-24

$UG HEALTHCARE CORPORATION LTD(8K7.SI)$This week has been a very bullish week for UGHealthcare. For those who have hold on when it was at its lowest point, I salute you. Anyway I was down nearly S$10k when it reach the low point. But here I am happy to announced that my position is healthily green with today closing at $0.695. So we areat the resistance price point of $0.70 which I believe will be broken by next week. we will be actively trading between $0.7x-$0.8x region in May until UG post its 3Q2021 results which I believe will be amazing. Here are some point to consider why UG will continue to go up. UG is not a big player in the glove industry but it has its own unique attraction which it move up fast and go down fast as well so plan your entry and exit carefully. There is still money to be made between $0.70-$0.75 region. Any entry above $0.75 is where the risk start to take its toll because of profit-taking. So whether UG can break above$0.80 and whether more money can be made largely depends on its result and the overall glove sentiments in Bursa and SGX. The higher the share price for the other glove company moved up, the higher UGcan climb because the gap will highlight howundervalue UG is. 

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