Sunday, August 2, 2020

Technical Analysis Aug 2020: UG Healthcare (SGX: 41A)

UG Healthcare Corp Ltd 

Observation from chart:- 

UG Healthcare (41A) trading within the band, forming higher high & higher low. 

Will it retrace down to retest lower band? 

Other indicator:- 
MACD trade at positive region, uptrend sign. 
Stochastic %K on BUY call itinerary. 

Immediate resistance @ $2.54 level 
If able breakout, higher high is confirm. Uptrend will resume.

Immediate support @ $2.10 level. 
Subsequent support @ $1.85 level.

Let's watch closely for opportunity. 


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