UOB - Good ranges to have in mind in the coming period


Daily Chart (Zoomed out) - Key support ranges are 

- 25 to 27 

- 23 to 24

- 18 to 20


Daily Chart (Zoomed in)

- In a sell channel so it is not reversed upwards until it actually does

- 27 is a good support level for now

- Lower trend channel is a good accumulation trend until 27

- 25 to 27 is quite a good support region, so, so if any breaks below will go to about 23


My Watches/Plays

- Will accumulate between 27.74 to 27 but cautiously (small amounts)

- If MA5 cross above MA20 well, I will look to accumulate at 28


Good luck, all. 

Note that my approach is DCA-ing so I accumulate 100 shares at a time. 

And I go with support levels and also how pullbacks happen as the foundation is firming.

@Deposit  @melson  @CaptainTiger  @TigerStars  @LMSunshine  

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ 

UOB Daily (Zoomed out)

UOB Daily (Zoomed in)

# SGX Stocks Opportunities

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  • melson
    ·2023-05-28
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    uob doing share buybacks but downward pressure strong
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    • AsphenReplying tomelson
      I'm adding only at support levels.  😉
      2023-05-28
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    • melsonReplying toAsphen
      holding on to dbs for the moment, not adding not reducing
      2023-05-28
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    • Asphen
      yup. Still in a sell channel. when that happens, any upwards will face resistance. so accumulate lower and not higher.
      2023-05-28
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  • LMSunshine
    ·2023-05-28
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  • WebbBart
    ·2023-05-29

    interesting, the price gap between DBS and UOB stocks is shrinking. Are the big investors switching a part of their allocation towards UOB.?

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  • WendyDelia
    ·2023-05-29

    SG has too many bank stocks I would only buy DBS

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