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

UG Healthcare Corp Ltd 

Observation from chart:- 

UG Healthcare (41A) retrace down from $3.42 high to $2.16 level. 

Will it rebound at this level? 

Other indicator:- 

MACD trade at positive region, uptrend sign. 

Stochastic %K on BUY itinerary. 

Immediate resistance @ $2.70 level 

Subsequent resistance @ $3.42 level. 

Immediate support @ $2.16 level. 

Subsequent support @ $1.78 level. 

Let's watch closely Disclaimer

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

 

UG Healthcare Corp Ltd 

Observation from chart:- 

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

Will it forming similar consolidation pattern? 

Other indicator:- 

MACD trade at positive region, uptrend sign. 

Stochastic %K pending trigger BUY. 

Immediate resistance @ $3.00 level 

Subsequent resistance @ $4.00 level.

Immediate support @ $2.50 level. 

Subsequent support @ $2.10 level. 

Let's watch closely.

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.

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.