UOB after hitting the high of 19.17 on 9th June 2016 it had experienced a drastic pull-back to close lower at 18.74 on the same day. This is not so healthy.
Subsequently, on 10th June 2016 it had again continued to trend lower to close at 18.61. This is a sign of weakness couple with quite a high volume which is in my opinion is quite negative.
Short term wise looks like it may go down to re-test 18.30 then 18.00. Breaking down of 18.00 with high volume that may see it prices drifting lower towards 17.70 with extension to 17.45.
(trade base on your own decision)
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