Wednesday, August 12, 2020

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

UG Healthcare Corp Ltd 

Observation from chart:- 

UG Healthcare (41A) forming higher high & higher low.

How high will it go? 

Other indicator:- 
MACD trade at positive region, uptrend sign. 
Stochastic %K at overbought stage. 

Immediate resistance @ $3.42 level 
If able breakout, higher high is confirm. Uptrend will resume. 

Immediate support @ $2.75 level. 
Subsequent support @ $2.56 level. 

Let's watch closely for opportunity.

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