UOL Group Ltd – Technical Buy

UOL Group Ltd – Technical Buy

• Last Price: S$5.57
• Bullish Reversal Confirmed

Key Technical Highlights:

1. Entry Prices:
   • S$5.57
   • S$5.27
   • S$5.13
2. Support Levels:
   • Support 1: S$5.29
   • Support 2: S$5.09
3. Stop Loss:
   • S$4.49
4. Resistance Levels:
   • Resistance 1: S$5.76
   • Resistance 2: S$6.40
5. Target Prices:
   • Target 1: S$5.81
   • Target 2: S$6.00
   • Target 3: S$6.52
   • Target 4: S$7.00

Technical Snapshot:

UOL Group Ltd shows strong signs of a bullish continuation pattern after confirming a bullish reversal. Below are the critical technical indicators:

• The stock has broken above the ascending triangle formation, indicating a strong continuation to the upside.
• Prices are currently trending above all Ichimoku indicators.
• MACD Histogram is positive, with the MACD and its signal line rising above the zero line, indicating bullish momentum.
• The 23-period Rate of Change (ROC) has risen above the zero line, confirming upward price momentum.
• The Stochastic Oscillator is rising above the 50-level, reinforcing bullish sentiment.
• The Directional Movement Index (DMI) also confirms the bullish strength, supported by expanding volume.

Company Overview (as per Bloomberg):

UOL Group Limited is a real estate company that owns and operates a diversified portfolio of development and investment properties. It also includes hotels and serviced suites. UOL Group has a global presence, serving customers worldwide.

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