UOB after hitting the low of $16.80 on 25th Feb 2016 it had managed to stage a strong recovery and head higher to touch $18.70 on 10th Mar 2016. This is generally rather bulish.
The current price of $18.65 is staying above the SMA lines which is basically quite positive.
Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to head higher.
Breaking out of $18.70 with good volume that may propel to drive the share price higher towards $19.74 with extension to $20.78.
(trade base on your own decision)
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