Dear readers, UOB stock closed at $25.98 yesterday. Do you know that since Aug 2018, UOB stock has been testing the 200-Days-Moving-Average?
UOB stock has been trying to sustain a convincing break above the 200-Days-Moving-Average but has failed. Yesterday, the intra-day high of $26.09 touched the 200-Days-Moving-Average but as usual the stock closed lower.
Should the stock breaks above the 200-Days-Moving-Average, I believe the target price of UOB stock at this current juncture will be found at the next resistance of $29 mark and that is at most the maximum price UOB stock can go for the time being. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
