UOL Group Ltd – Technical Buy
- Last Price: S$5.57
- Bullish Reversal Confirmed
Key Technical Highlights:
- Entry Prices:
- Support Levels:
- Support 1: S$5.29
- Support 2: S$5.09
- Stop Loss:
- Resistance Levels:
- Resistance 1: S$5.76
- Resistance 2: S$6.40
- 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.
