UOL – [ Four Consecutive Up Days, Targets Met, Overbought Now? ]
Chart Source : Poemsview 4th March 2019
UOL together with some of the property stocks like Capitaland, CityDev have seen a nice powerful run up after the Draft Master Plan by URA came out last week. Blue chips property stocks took the lead and UOL was one of them.
Our trade analysis of UOL was sent to ourย EXCLUSIVE CLIENTS via whatsapp for them to Plan, Prepare and Proceed with ease. UOL broke out of its horizontal resistance of $6.86 and never looked back since then. In less than a week UOL moved up by 5% hitting two of our targets which is very decent by our standards.
UOL has been moving up for the last four days and it might be getting tired too. Resistance might be around $7.21-7.23 level and if that gets taken out then we might see the previous level at $7.31 being challenged which is also the Gap resistance. Perhaps some pullback might bring some opportunity once again. Let’s keep a lookout!
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Yours
Humbly
Kelwin&Roy
