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.
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interesting, the price gap between DBS and UOB stocks is shrinking. Are the big investors switching a part of their allocation towards UOB.?
SG has too many bank stocks I would only buy DBS